The Rank Group (LON:RNK) Stock Price Passes Below 200 Day Moving Average – Here’s Why

The Rank Group Plc (LON:RNK) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 102.57 and traded as low as GBX 101.40. The Rank Group shares last traded at GBX 102.38, with a volume of 463,602 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised The Rank Group to a “hold” rating and set a GBX 106 price target on the stock in a report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 153.

The Rank Group Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.45 and a debt-to-equity ratio of 104.68. The stock has a fifty day simple moving average of GBX 93.99 and a 200 day simple moving average of GBX 102.57. The firm has a market capitalization of £475.92 million, a P/E ratio of 12.39, a PEG ratio of 1.75 and a beta of 1.62.

The Rank Group (LON:RNK) last issued its quarterly earnings data on Thursday, January 29th. The company reported GBX 5.60 earnings per share for the quarter. The Rank Group had a return on equity of 9.03% and a net margin of 4.20%. As a group, research analysts forecast that The Rank Group Plc will post 7.5021608 EPS for the current year.

Insider Buying and Selling

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