Games Workshop Group (LON:GAW) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Games Workshop Group PLC (LON:GAW) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of £180.68 and traded as high as £190.70. Games Workshop Group shares last traded at £184.40, with a volume of 2,319,529 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have commented on GAW shares. Peel Hunt raised shares of Games Workshop Group to a “buy” rating and increased their price target for the company from £165 to £180 in a research report on Thursday, November 20th. Jefferies Financial Group boosted their price objective on shares of Games Workshop Group from £118.50 to £183 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of £181.50.

Games Workshop Group Stock Performance

The company has a quick ratio of 2.33, a current ratio of 3.29 and a debt-to-equity ratio of 18.77. The company has a market capitalization of £6.09 billion, a PE ratio of 31.07, a PEG ratio of 0.41 and a beta of 1.25. The business has a 50 day simple moving average of £180.68 and a 200 day simple moving average of £163.45.

Insider Activity at Games Workshop Group

In related news, insider Kevin Rountree acquired 100 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of £184 per share, with a total value of £18,400. 7.93% of the stock is owned by insiders.

Games Workshop Group Company Profile

Games Workshop Group PLC, together with its subsidiaries, designs, manufactures, distributes, and sells miniature figures and games in the United Kingdom, Continental Europe, North America, Australia, New Zealand, Asia, and internationally. It operates in two segments, Core and Licensing. The company offers games under the Warhammer: Age of Sigmar, Necromunda, and Warhammer 40,000 names, as well as Horus Heresy and Blood Bowl. It also publishes short stories, audio dramas, full length novels, and audio books under the Black Library name; and develops digital content for animation and TV.