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

The Rank Group Plc (LON:RNK)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 98.08 and traded as low as GBX 95. The Rank Group shares last traded at GBX 98.80, with a volume of 248,677 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of The Rank Group to a “hold” rating and set a GBX 106 price target on the stock in a research note 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. According to MarketBeat, The Rank Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 153.

The Rank Group Price Performance

The company has a market capitalization of £461.87 million, a price-to-earnings ratio of 12.02, a PEG ratio of 1.75 and a beta of 1.60. The company’s 50 day simple moving average is GBX 96.24 and its 200-day simple moving average is GBX 97.98. The company has a current ratio of 0.45, a quick ratio of 0.65 and a debt-to-equity ratio of 104.68.

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.