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Frontier Developments ( (GB:FDEV) ) has shared an announcement.
Frontier Developments PLC has executed a share buyback program, purchasing 111,371 of its ordinary shares at an average price of 469.20 GBp per share. This move is part of a broader strategy to manage its capital structure, with the purchased shares being placed into treasury, impacting the total voting rights and shareholder calculations.
The most recent analyst rating on (GB:FDEV) stock is a Buy with a £517.00 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.
Frontier Developments scores well due to strong technical indicators and a solid financial performance. The stock’s undervaluation based on its P/E ratio further supports a positive outlook. The absence of earnings call data and corporate events does not detract from the overall score, as the primary factors indicate a robust position.
To see Spark’s full report on GB:FDEV stock, click here.
More about Frontier Developments
Frontier Developments PLC operates in the video game industry, focusing on the development and publishing of interactive entertainment products. The company is known for creating engaging games and experiences for a global audience, leveraging its expertise in game design and technology.
Average Trading Volume: 126,017
Technical Sentiment Signal: Hold
Current Market Cap: £167.3M
For an in-depth examination of FDEV stock, go to TipRanks’ Overview page.