The Rank Group (LON:RNK) Shares Cross Below 200-Day Moving Average – What’s Next?
by Scott Moore · The Cerbat GemThe Rank Group Plc (LON:RNK – Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 101.52 and traded as low as GBX 93. The Rank Group shares last traded at GBX 96, with a volume of 251,124 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft upgraded shares of The Rank Group to a “hold” rating and set a GBX 106 price objective 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 153.
Read Our Latest Stock Report on RNK
The Rank Group Stock Performance
The stock’s 50-day moving average price is GBX 94.67 and its 200 day moving average price is GBX 101.34. The company has a debt-to-equity ratio of 104.68, a current ratio of 0.45 and a quick ratio of 0.65. The firm has a market cap of £449.69 million, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62.
The Rank Group (LON:RNK – Get Free Report) last released its earnings results on Thursday, January 29th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. The Rank Group had a return on equity of 9.03% and a net margin of 4.20%. As a group, equities analysts predict that The Rank Group Plc will post 7.5021608 EPS for the current year.
Insider Activity at The Rank Group
In related news, insider John H. Ott acquired 19,691 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was bought at an average price of GBX 90 per share, with a total value of £17,721.90. Insiders own 0.51% of the company’s stock.
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.