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

The Rank Group Plc (LON:RNK)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 93.25 and traded as low as GBX 91.53. The Rank Group shares last traded at GBX 92.60, with a volume of 808,018 shares changing hands.

Analysts Set New Price Targets

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

The Rank Group Stock Down 2.0%

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 stock has a market capitalization of £431.17 million, a price-to-earnings ratio of 14.47, a PEG ratio of 1.75 and a beta of 1.65. The firm’s fifty day moving average is GBX 83.27 and its 200-day moving average is GBX 93.25.

The Rank Group (LON:RNK) last announced its quarterly earnings data on Thursday, August 13th. The company reported GBX 10.50 earnings per share 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 predict that The Rank Group Plc will post 7.50 earnings per share for the current year.

Insider Transactions at The Rank Group

In other news, insider Christian Nothhaft purchased 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average cost of GBX 75 per share, for a total transaction of £30,000. Also, insider Richard Harris sold 192,215 shares of The Rank Group stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of GBX 75, for a total value of £144,161.25. Corporate insiders own 0.51% of the company’s stock.

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.