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Frontier Developments ( (GB:FDEV) ) just unveiled an update.
Frontier Developments PLC announced the purchase of 35,000 of its own ordinary shares at a consistent price of 355.00 GBp each as part of its buyback program. This move, which brings the total shares purchased to 450,090, aims to consolidate the company’s shareholding structure and potentially enhance shareholder value by placing these shares into treasury.
The most recent analyst rating on (GB:FDEV) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Frontier Developments stock, see the GB:FDEV Stock Forecast page.
Spark’s Take on GB:FDEV Stock
According to Spark, TipRanks’ AI Analyst, GB:FDEV is a Outperform.
The overall stock score is primarily driven by strong technical analysis and positive corporate events. Despite financial performance challenges, the stock shows strong upward momentum and strategic initiatives that indicate growth potential. Valuation is favorable with a low P/E ratio, adding to the stock’s attractiveness.
To see Spark’s full report on GB:FDEV stock, click here.
More about Frontier Developments
Frontier Developments PLC is a company in the video game industry, primarily focusing on the development and publishing of video games. The company is known for creating engaging and innovative gaming experiences and operates in a competitive market with a focus on expanding its portfolio and market reach.
Average Trading Volume: 109,927
Technical Sentiment Signal: Hold
Current Market Cap: £136.9M
See more insights into FDEV stock on TipRanks’ Stock Analysis page.