Games Workshop Group (LON:GAW) Shares Pass Above 50 Day Moving Average – Here’s Why

Shares of Games Workshop Group PLC (LON:GAW) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of £200.57 and traded as high as £203.60. Games Workshop Group shares last traded at £201.20, with a volume of 51,095 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a £218.50 target price on shares of Games Workshop Group in a report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Games Workshop Group presently has an average rating of “Buy” and a consensus price target of £199.25.

Games Workshop Group Price Performance

The company has a market cap of £6.63 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 0.41 and a beta of 0.93. The company has a current ratio of 3.83, a quick ratio of 2.33 and a debt-to-equity ratio of 27.35. The business has a 50-day moving average price of £200.57 and a 200 day moving average price of £187.27.

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.