The Rank Group (LON:RNK) Shares Cross Below 200-Day Moving Average – Here’s Why

The Rank Group Plc (LON:RNK)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 119.27 and traded as low as GBX 92.30. The Rank Group shares last traded at GBX 93.60, with a volume of 40,060,508 shares.

Wall Street Analyst Weigh In

RNK has been the subject of several research reports. Shore Capital Group restated a “house stock” rating on shares of The Rank Group in a research report on Tuesday, November 11th. Peel Hunt reiterated a “buy” rating and issued a GBX 200 target price on shares of The Rank Group in a report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of The Rank Group to a “hold” rating and reduced their target price for the stock from GBX 163 to GBX 104 in a report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 152.

The Rank Group Stock Performance

The firm’s 50 day simple moving average is GBX 98.70 and its 200-day simple moving average is GBX 119.27. The company has a market capitalization of £438.45 million, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.75 and a beta of 2.48. The company has a debt-to-equity ratio of 58.20, a quick ratio of 0.65 and a current ratio of 0.47.

The Rank Group (LON:RNK) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX 5.60 earnings per share for the quarter. The Rank Group had a return on equity of 3.65% and a net margin of 1.67%. Analysts expect that The Rank Group Plc will post 7.5021608 EPS for the current year.

Insiders Place Their Bets

In other The Rank Group news, insider John H. Ott bought 19,691 shares of the stock in a transaction on Tuesday, February 3rd. The shares were bought at an average price of GBX 90 per share, with a total value of £17,721.90. 0.50% of the stock is currently 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.