Games Workshop Group (LON:GAW) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Games Workshop's share price moved above its 50‑day moving average (£179.44), trading as high as £194.65 and last at £194.60 on volume of 62,928 shares.
• Analyst sentiment: Jefferies raised its price target to £218.50 and kept a "buy" rating; the stock has a consensus "Buy" with an average target of £199.25 from two analysts.
• Insiders and balance sheet: Insiders recently purchased small stakes (Mark Lam 110 shares; Kevin Rountree 124 shares) and own 7.93% of the stock, while the company shows strong liquidity (quick ratio 2.33, current ratio 3.83) and a market cap of £6.43 billion.

Games Workshop Group PLC (LON:GAW - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of £179.44 and traded as high as £194.65. Games Workshop Group shares last traded at £194.60, with a volume of 62,928 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price target on Games Workshop Group from £210 to £218.50 and gave the company a "buy" rating in a research note on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of £199.25.

Games Workshop Group Price Performance

The stock has a market capitalization of £6.43 billion, a price-to-earnings ratio of 31.17, a P/E/G ratio of 0.41 and a beta of 0.95. The company has a quick ratio of 2.33, a current ratio of 3.83 and a debt-to-equity ratio of 27.35. The stock has a fifty day moving average of £179.44 and a 200-day moving average of £176.24.

Insider Activity at Games Workshop Group

In related news, insider Mark Lam purchased 110 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of £171.39 per share, for a total transaction of £18,852.90. Also, insider Kevin Rountree purchased 124 shares of the business's stock in a transaction that occurred on Wednesday, January 28th. The shares were bought at an average price of £176.51 per share, for a total transaction of £21,887.24. 7.93% of the stock is currently owned by insiders.

About Games Workshop Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.