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

The Rank Group Plc (LON:RNK)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 94.51 and traded as low as GBX 75.50. The Rank Group shares last traded at GBX 76.50, with a volume of 847,108 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RNK shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Rank Group from GBX 111 to GBX 119 and gave the company a “hold” rating in a report on Thursday, August 13th. Shore Capital Group reissued a “house stock” rating on shares of The Rank Group in a report on Thursday, August 13th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 175 price objective on shares of The Rank Group in a report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 147.

The Rank Group Stock Performance

The firm has a market capitalization of £368.31 million, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. 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 business’s 50 day simple moving average is GBX 87.68 and its two-hundred day simple moving average is GBX 94.35.

The Rank Group (LON:RNK) last announced its quarterly earnings results on Thursday, August 13th. The company reported GBX 10.50 earnings per share (EPS) for the quarter. The Rank Group had a net margin of 3.58% and a return on equity of 7.83%. Sell-side analysts anticipate 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 stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of GBX 75, for a total transaction of £144,161.25. Also, insider Christian Nothhaft acquired 40,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were bought at an average cost of GBX 75 per share, with a total value of £30,000. Insiders own 0.51% of the company’s stock.

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.