Games Workshop Group (LON:GAW) Shares Cross Below 200-Day Moving Average – Time to Sell?

Games Workshop Group PLC (LON:GAW)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of £167.09 and traded as low as £165.20. Games Workshop Group shares last traded at £169.10, with a volume of 6,145,400 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GAW. Jefferies Financial Group lifted their target price on Games Workshop Group from £210 to £218.50 and gave the stock a “buy” rating in a report on Monday, January 19th. Peel Hunt raised shares of Games Workshop Group to a “buy” rating and boosted their price objective for the company from £165 to £180 in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Games Workshop Group has a consensus rating of “Buy” and a consensus target price of £199.25.

Games Workshop Group Stock Performance

The firm has a market capitalization of £5.59 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 0.41 and a beta of 1.25. The company has a current ratio of 3.29, a quick ratio of 2.33 and a debt-to-equity ratio of 18.77. The stock’s 50-day moving average is £182 and its 200-day moving average is £167.09.

Games Workshop Group (LON:GAW) last posted its earnings results on Tuesday, January 13th. The company reported GBX 319.90 earnings per share for the quarter. Games Workshop Group had a net margin of 28.74% and a return on equity of 60.82%. On average, analysts predict that Games Workshop Group PLC will post 448.9953023 EPS for the current fiscal year.

Insider Transactions at Games Workshop Group

In other news, insider Kevin Rountree purchased 124 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were purchased at an average cost of £176.51 per share, with a total value of £21,887.24. 7.93% of the stock is currently 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.