The Rank Group (LON:RNK) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

The Rank Group Plc (LON:RNK) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 95.16 and traded as low as GBX 70.40. The Rank Group shares last traded at GBX 70.60, with a volume of 1,251,744 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RNK. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Rank Group from GBX 111 to GBX 119 and gave the stock a “hold” rating in a research note on Thursday, August 13th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 175 price objective on shares of The Rank Group in a research report on Monday, July 13th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of The Rank Group in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 147.

The Rank Group Stock Performance

The company has a debt-to-equity ratio of 60.83, a quick ratio of 0.65 and a current ratio of 0.49. The stock has a market cap of £344.10 million, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.75 and a beta of 1.58. The stock has a fifty day simple moving average of GBX 90.59 and a two-hundred day simple moving average of GBX 94.90.

The Rank Group (LON:RNK) last posted its earnings results 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%. Analysts expect that The Rank Group Plc will post 7.50 EPS for the current fiscal year.

Insider Buying and Selling at The Rank Group

In related news, insider Richard Harris sold 192,215 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of GBX 75, for a total value of £144,161.25. Also, insider Christian Nothhaft purchased 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was bought at an average cost of GBX 75 per share, with a total value of £30,000. Corporate insiders own 0.51% of the company’s stock.

The Rank Group Company Profile

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.