Games Workshop Group (LON:GAW) Share Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• Games Workshop Group's shares fell below their 200-day moving average, trading as low as £150.10, while currently priced at £152.39.
• Analysts maintain a consensus Buy rating with a price target of £165 set by Peel Hunt, reflecting optimism about the company's prospects.
• Insiders have been actively purchasing shares, with significant transactions totaling over £458,500 in the last quarter, indicating confidence in the company's future performance.

Games Workshop Group PLC (LON:GAW - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of £152.19 ($205.88) and traded as low as £150.10 ($203.06). Games Workshop Group shares last traded at £152.39 ($206.16), with a volume of 33,921 shares traded.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated an "add" rating and set a £165 price objective on shares of Games Workshop Group in a research report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of £165.

Games Workshop Group Stock Down 1.1%

The stock has a market cap of £4.93 billion, a P/E ratio of 2,518.96, a price-to-earnings-growth ratio of 0.41 and a beta of 1.25. The company's fifty day moving average price is £157.60 and its 200-day moving average price is £152.46. The company has a debt-to-equity ratio of 18.77, a quick ratio of 2.33 and a current ratio of 3.29.

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

Insider Activity

In related news, insider Elizabeth Harrison purchased 475 shares of Games Workshop Group stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of £163.03 per share, with a total value of £77,439.25. Also, insider Kevin Rountree purchased 2,345 shares of Games Workshop Group stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of £162.50 per share, for a total transaction of £381,062.50. Insiders purchased a total of 2,924 shares of company stock worth $47,478,919 in the last ninety days. 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.