The Rank Group (LON:RNK) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

The Rank Group Plc (LON:RNK)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 93.25 and traded as low as GBX 91.53. The Rank Group shares last traded at GBX 92.60, with a volume of 808,018 shares trading hands.

Analysts Set New Price Targets

RNK has been the subject of several research analyst reports. Peel Hunt restated a “buy” rating and issued a GBX 175 price objective on shares of The Rank Group in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Shore Capital Group reissued 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 147.

The Rank Group Stock Down 2.0%

The company has a market cap of £431.17 million, a P/E ratio of 14.47, a P/E/G ratio of 1.75 and a beta of 1.65. 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 50-day moving average of GBX 83.27 and a two-hundred day moving average of GBX 93.25.

The Rank Group (LON:RNK) last released 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, research analysts anticipate that The Rank Group Plc will post 7.50 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard Harris sold 192,215 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of GBX 75, for a total transaction of £144,161.25. Also, insider John H. Ott bought 13,151 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average cost of GBX 75 per share, for a total transaction of £9,863.25. 0.51% of the stock is currently owned by company insiders.

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.