Jefferies analyst Andrew Wade maintained a Buy rating on Games Workshop today and set a price target of p21,000.00.
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Andrew Wade gave his rating based on several factors that underline the company’s improving returns to shareholders. He points to the recent 50p dividend, which raises year-to-date payouts to a level more than forty percent higher than the prior year, as a signal that trading and cash conversion remain robust. He also notes that dividend timing can be lumpy and therefore does not always track short-term profit movements exactly.
Wade highlights Games Workshop’s unique competitive position, driven by scale, proprietary intellectual property and strong product quality, as a durable advantage. He sees those attributes as underpinning unusually healthy margins and best-in-class returns on capital. Together, these elements support the potential for further earnings upgrades and valuation upside, which is why he rates the stock Buy.
In another report released on December 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p22,525.00 price target.