Games Workshop Group (LON:GAW) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Shares crossed above the 50-day moving average (50‑day MA £176.01), trading as high as £195.35 and last at £193.85 on volume of 6,980,124, signaling short-term bullish momentum.
• Jefferies raised its price target to £218.50 and gave a "Buy" rating; the consensus rating is Buy with an average price target of £199.25.
• Games Workshop has a market cap of £6.41 billion, a PE of 31.05, net margin of 31.75% and ROE of 68.80%; insiders have recently bought shares and insiders own 7.93% of the stock.

Games Workshop Group PLC (LON:GAW - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of £176.01 and traded as high as £195.35. Games Workshop Group shares last traded at £193.85, with a volume of 6,980,124 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lifted their price target on shares of 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 data from MarketBeat.com, Games Workshop Group currently has a consensus rating of "Buy" and an average price target of £199.25.

Games Workshop Group Stock Performance

The firm's fifty day moving average is £176.01 and its two-hundred day moving average is £174.06. The firm has a market capitalization of £6.41 billion, a PE ratio of 31.05, a PEG ratio of 0.41 and a beta of 0.95. The company has a debt-to-equity ratio of 27.35, a current ratio of 3.83 and a quick ratio of 2.33.

Games Workshop Group (LON:GAW - Get Free Report) last released 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 31.75% and a return on equity of 68.80%. On average, equities analysts predict that Games Workshop Group PLC will post 448.9953023 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kevin Rountree bought 124 shares of Games Workshop Group stock in a transaction dated Wednesday, January 28th. The stock was purchased at an average cost of £176.51 per share, with a total value of £21,887.24. Also, insider Mark Lam bought 110 shares of Games Workshop Group stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of £171.39 per share, with a total value of £18,852.90. 7.93% of the stock is owned by corporate 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.

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