Games Workshop Group (LON:GAW) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Games Workshop Group PLC (LON:GAW)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of £154.93 and traded as low as £153.70. Games Workshop Group shares last traded at £155.50, with a volume of 7,367,629 shares traded.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reissued an “add” rating and issued a £165 target price on shares of Games Workshop Group in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of £165.

Games Workshop Group Stock Down 0.9%

The firm has a market cap of £5.08 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 0.41 and a beta of 1.25. The stock has a 50-day moving average of £149.75 and a 200-day moving average of £154.93. The company has a current ratio of 3.29, a quick ratio of 2.33 and a debt-to-equity ratio of 18.77.

Insider Activity at Games Workshop Group

In other news, insider Kevin Rountree acquired 104 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of £156.61 per share, for a total transaction of £16,287.44. Corporate insiders own 7.94% 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.