By Michele Maatouk
Date: Wednesday 12 Nov 2025
LONDON (ShareCast) - (Sharecast News) - Miniature wargames manufacturer Games Workshop surged on Wednesday after Jefferies hiked its price target on the stock to 18,300p from 11,850p and reiterated its 'buy' rating as it highlighted a "major opportunity".
"Although the success of Space Marine 2 (SM2) means GAW is set to report a year of profit decline in FY26, we think the consistent underlying growth trajectory in the Core (10yr/5yr CAGR +17%/+16%) underpins a reacceleration to double-digit profit growth in FY27," the bank said.
Further out, Jefferies sees SM2 as an indicator of Warhammer's "significant" mass-market potential and said it remains bullish about the opportunity presented by the Amazon TV series.
At 1115 GMT, the shares were up 5.6% at 16,267.66p.
| Currency | UK Pounds |
| Price | 16,970.00p |
| Change Today | -220.00p |
| 52 Week High | 21,940.00p |
| 52 Week Low | 14,300.00p |
| Volume | 48,210 |
| Shares Issued | 33.05m |
| Market Cap | £5,608m |
| Strong Buy | 2 |
| Buy | 0 |
| Neutral | 0 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 2 |
