Keywords Studios (KWS)

Sector:

Leisure Products

Index:

FTSE AIM 50

1,423.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 2,808.00
  • 52 Week Low: 1,275.00
  • Currency: UK Pounds
  • Shares Issued: 78.90m
  • Volume: 6,842
  • Market Cap: £1,122.71m

Barclays rates Keywords 'overweight' in coverage launch

By Sean Farrell

Date: Wednesday 16 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Barclays pinned an 'overweight' rating on Keywords Studios as the bank started coverage of the acquisitive video games developer.
Keywords carries out many functions in video games development on an outsourced basis, giving investors exposure to a growing industry without the hit risk of many games groups, Barclays said.

Outsourcing will be a bigger part of every games project as the industry matures and Keywords has advantages in scale, technology and reputation over its rivals, the bank's analysts said. Demand for video games has surged during the coronavirus pandemic.

Barclays initiated coverage with a target price of £29.50. Keywords shares rose 1.8% to £26.10 at 14:23 GMT.

Covid-19 has been a net headwind for Keywords in 2020 but Barclays predicted 10% growth. Barclays said if the games sector faces pressure as the crisis abates, Keywords' growth should speed up in 2021 as rivals face tough comparables.

Keywords agreed to buy US game development services provider High Voltage for as much as $50m on 15 December. It struck that deal three weeks after after agreeing to acquire Los Angeles-based g-Net Media for up to $32m.

"We believe M&A is a good thing for Keywords, and there will be plenty more. This strong story does not come cheap but we think the combination of underlying forecast momentum and M&A can maintain good share price performance," Barclays said.

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KWS Market Data

Currency UK Pounds
Share Price 1,423.00p
Change Today -1.00p
% Change -0.07 %
52 Week High 2,808.00
52 Week Low 1,275.00
Volume 6,842
Shares Issued 78.90m
Market Cap £1,122.71m

KWS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.52% below the market average47.52% below the market average47.52% below the market average47.52% below the market average47.52% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
52.88% below the market average52.88% below the market average52.88% below the market average52.88% below the market average52.88% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Income
96.15% below the market average96.15% below the market average96.15% below the market average96.15% below the market average96.15% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
26.26% below the market average26.26% below the market average26.26% below the market average26.26% below the market average26.26% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 1
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

KWS Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-24 05-Oct-23
Paid 28-Jun-24 27-Oct-23
Amount 1.76p 0.85p

Trades for 19-Mar-2024

Time Volume / Share Price
09:51 149 @ 1,424.80p
09:51 34 @ 1,423.00p
09:51 16 @ 1,423.00p
09:50 13 @ 1,423.00p
09:49 13 @ 1,423.00p

KWS Key Personnel

CEO Bertrand Bodson
CFO Robert Kingston

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