Games Workshop Group PLC (LSE:GAW) has locked in backing from Peel Hunt analysts after gracing investors with news that profit would exceed expectations for the year.
Shares jumped on the back of the brief update on Wednesday, which pointed to strong trading in both its core business and from licensing.
Peel Hunt hiked the Warhammer owner's share price target from 14,400p to 15,000p and doubled down on a ‘buy’ rating in response, noting “clear momentum” remained.
Though outer-year forecasts were left unchanged, Peel Hunt added: “The hobby is in good health, which bodes well.”
Shares were up 6.3% at 14,620p on Wednesday.