Games Workshop "sell"

12/03/07 - Panmure Gordon & Co

LONDON, December 3 (newratings.com) - Analyst Charles Hall of Panmure Gordon reiterates his "sell" rating on Games Workshop Group Plc (GAW-GBX). The target price is set to 150p.

In a research note published this morning, the analyst mentions that the company has appointed its Head of Sales, Mark Wells, as its CEO. Tom Kirby is to remain with Games Workshop as Chairman, the analyst says. Panmure Gordon expresses its concern regarding the company’s sales trend, since the consumer environment in the UK and the US is becoming more and more challenging.