The Rank Group (LON:RNK) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

The Rank Group Plc (LON:RNK) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 96.89 and traded as high as GBX 114.20. The Rank Group shares last traded at GBX 107.75, with a volume of 653,748 shares changing hands.

Analyst Upgrades and Downgrades

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

The Rank Group Stock Down 2.1%

The company has a quick ratio of 0.65, a current ratio of 0.49 and a debt-to-equity ratio of 60.83. The stock has a 50-day simple moving average of GBX 99.23 and a 200-day simple moving average of GBX 97. The firm has a market capitalization of £483.42 million, a PE ratio of 12.59, a P/E/G ratio of 1.75 and a beta of 1.58.

The Rank Group (LON:RNK) last posted its quarterly earnings results on Thursday, August 13th. The company reported GBX 10.50 earnings per share for the quarter. The Rank Group had a return on equity of 7.83% and a net margin of 3.58%. Analysts forecast that The Rank Group Plc will post 7.5021608 EPS for the current year.

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.