The Rank Group (LON:RNK) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of The Rank Group Plc (LON:RNK) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 119.27 and traded as low as GBX 92.30. The Rank Group shares last traded at GBX 93.60, with a volume of 40,060,508 shares trading hands.

Wall Street Analysts Forecast Growth

RNK has been the topic of several recent research reports. Peel Hunt reissued a “buy” rating and issued a GBX 200 price target on shares of The Rank Group in a report on Wednesday, October 15th. Shore Capital Group restated a “house stock” rating on shares of The Rank Group in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft cut The Rank Group to a “hold” rating and cut their target price for the company from GBX 163 to GBX 104 in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 152.

The Rank Group Stock Performance

The stock has a market cap of £438.45 million, a price-to-earnings ratio of 11.41, a PEG ratio of 1.75 and a beta of 2.48. The company’s 50 day simple moving average is GBX 98.70 and its 200 day simple moving average is GBX 119.27. The company has a debt-to-equity ratio of 58.20, a quick ratio of 0.65 and a current ratio of 0.47.

The Rank Group (LON:RNK) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX 5.60 earnings per share for the quarter. The Rank Group had a net margin of 1.67% and a return on equity of 3.65%. On average, equities research analysts anticipate that The Rank Group Plc will post 7.5021608 earnings per share for the current year.

Insider Transactions at The Rank Group

In other news, insider John H. Ott purchased 19,691 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was purchased at an average cost of GBX 90 per share, with a total value of £17,721.90. Insiders own 0.50% 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.