The Rank Group (LON:RNK) Share Price Passes Above 50 Day Moving Average – Time to Sell?

The Rank Group Plc (LON:RNK) crossed 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 trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of The Rank Group to a “hold” rating and set a GBX 106 target price for the company in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, The Rank Group has an average rating of “Moderate Buy” and a consensus price target of GBX 153.

The Rank Group Stock Performance

The firm has a market capitalization of £471.24 million, a PE ratio of 12.27, a P/E/G ratio of 1.75 and a beta of 1.60. The company has a debt-to-equity ratio of 61.99, a current ratio of 0.45 and a quick ratio of 0.65. The firm has a fifty day moving average price of GBX 99.19 and a 200 day moving average price of GBX 96.90.

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.