The Rank Group (LON:RNK) Hits New 12-Month Low – Here’s Why

Shares of The Rank Group Plc (LON:RNK) hit a new 52-week low on Monday. The company traded as low as GBX 71.70 and last traded at GBX 72.90, with a volume of 654424 shares trading hands. The stock had previously closed at GBX 73.60.

Analyst Ratings Changes

RNK has been the subject of several research analyst reports. Shore Capital Group reissued a “house stock” rating on shares of The Rank Group in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft upped their target price on The Rank Group from GBX 111 to GBX 119 and gave the company a “hold” rating in a report on Thursday, August 13th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 175 target price on shares of The Rank Group in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 147.

The Rank Group Trading Down 1.0%

The firm has a market capitalization of £339.44 million, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. The company has a debt-to-equity ratio of 60.83, a current ratio of 0.49 and a quick ratio of 0.65. The company has a fifty day moving average of GBX 94.96 and a 200-day moving average of GBX 96.02.

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

Insider Activity at The Rank Group

In related news, insider Richard Harris sold 192,215 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of GBX 75, for a total value of £144,161.25. Also, insider Christian Nothhaft bought 40,000 shares of the stock in a transaction on Tuesday, September 29th. The shares were acquired at an average cost of GBX 75 per share, for a total transaction of £30,000. 0.51% of the stock is owned by company insiders.

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.