Games Workshop Group (LON:GAW) Share Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• Games Workshop Group PLC shares have recently fallen below their 200-day moving average, indicating a potential bearish trend with shares trading at £146.60.
• Analysts maintain a positive outlook, with Peel Hunt giving an "add" rating and a price target of £165, while the stock currently holds an average rating of "Buy."
• Insider transactions show confidence in the company, with insiders acquiring nearly 2,924 shares worth around $47.5 million in recent months.

Games Workshop Group PLC (LON:GAW - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of £152.84 ($203.97) and traded as low as £144.70 ($193.11). Games Workshop Group shares last traded at £146.60 ($195.65), with a volume of 32,526 shares trading hands.

Wall Street Analyst Weigh In

Separately, Peel Hunt reaffirmed an "add" rating and issued a £165 price objective on shares of Games Workshop Group in a research note on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of £165.

Games Workshop Group Stock Up 0.2%

The stock has a 50 day moving average price of £154.62 and a 200 day moving average price of £152.84. The stock has a market capitalization of £4.84 billion, a price-to-earnings ratio of 2,475.15, a price-to-earnings-growth ratio of 0.41 and a beta of 1.25. The company has a quick ratio of 2.33, a current ratio of 3.29 and a debt-to-equity ratio of 18.77.

Games Workshop Group (LON:GAW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported GBX 594.90 EPS for the quarter. Games Workshop Group had a return on equity of 60.82% and a net margin of 28.74%. As a group, analysts forecast that Games Workshop Group PLC will post 448.9953023 EPS for the current year.

Insider Transactions at Games Workshop Group

In related news, insider Kevin Rountree acquired 104 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were bought at an average cost of £156.61 per share, with a total value of £16,287.44. Also, insider Elizabeth Harrison acquired 475 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of £163.03 per share, for a total transaction of £77,439.25. Insiders have bought 2,924 shares of company stock worth $47,478,919 over the last three months. Insiders own 7.93% of the company's stock.

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.

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