Insider Buying: The Rank Group (LON:RNK) Insider Purchases £30,000 in Stock

The Rank Group Plc (LON:RNK) insider Christian Nothhaft purchased 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were bought at an average price of GBX 75 per share, for a total transaction of £30,000.

The Rank Group Trading Down 2.9%

Shares of The Rank Group stock opened at GBX 74.30 on Friday. The company’s 50-day moving average price is GBX 95.37 and its 200-day moving average price is GBX 96.15. The company has a current ratio of 0.49, a quick ratio of 0.65 and a debt-to-equity ratio of 60.83. The Rank Group Plc has a 12-month low of GBX 73.71 and a 12-month high of GBX 140. The company has a market cap of £345.96 million, a price-to-earnings ratio of 11.79, a PEG ratio of 1.75 and a beta of 1.58.

The Rank Group (LON:RNK) last issued its quarterly earnings data on Thursday, August 13th. The company reported GBX 10.50 EPS for the quarter. The Rank Group had a net margin of 3.58% and a return on equity of 7.83%. On average, equities analysts expect that The Rank Group Plc will post 7.5021608 earnings per share for the current fiscal year.

Analyst Ratings Changes

RNK has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Rank Group from GBX 111 to GBX 119 and gave the company a “hold” rating in a research report on Thursday, August 13th. Peel Hunt reissued a “buy” rating and set a GBX 175 price objective on shares of The Rank Group in a research note on Monday, July 13th. Finally, Shore Capital Group restated a “house stock” rating on shares of The Rank Group in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 147.

About The Rank Group

The Rank Group Plc has been entertaining Britain since 1937, from its origins in motion pictures to today’s gaming based entertainment brands. Over the course of more than three-quarters of a century, the Group has entertained many millions of customers in Britain and around the world. The Group’s story is one of iconic brands and talented people with a mission to entertain.