The Rank Group (LON:RNK) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

The Rank Group Plc (LON:RNK)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 99.19 and traded as high as GBX 102.80. The Rank Group shares last traded at GBX 98.60, with a volume of 10,024,407 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of The Rank Group to a “hold” rating and set a GBX 106 target price on the stock in a research note on Thursday, April 16th. One 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 153.

The Rank Group Trading Down 1.4%

The company has a current ratio of 0.45, a quick ratio of 0.65 and a debt-to-equity ratio of 61.99. The stock has a 50-day simple moving average of GBX 99.48 and a two-hundred day simple moving average of GBX 96.80. The firm has a market capitalization of £456.72 million, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.75 and a beta of 1.60.

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.