Rank Group (RNK) Rating Lowered to Hold at Canaccord Genuity

Rank Group (LON:RNK) was downgraded by Canaccord Genuity to a “hold” rating in a research note issued on Wednesday. They currently have a GBX 265 ($3.54) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 8.16% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Peel Hunt raised shares of Rank Group to a “buy” rating and set a GBX 265 ($3.54) target price on the stock in a report on Thursday, November 16th. Shore Capital reissued a “buy” rating on shares of Rank Group in a report on Thursday, October 19th.

Shares of Rank Group (LON:RNK) opened at GBX 245 ($3.28) on Wednesday. Rank Group has a 1-year low of GBX 180.80 ($2.42) and a 1-year high of GBX 250 ($3.34). The firm has a market cap of $957.17 and a P/E ratio of 1,531.25.

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About Rank Group

The Rank Group Plc operates gaming services in Great Britain (including the Channel Islands), Spain and Belgium. The Company’s segments include Grosvenor Casinos, Mecca and Enracha. The Company’s Grosvenor Casinos is a multi-channel casino operator in the United Kingdom. Grosvenor Casinos offers a range of casino table games, including roulette, blackjack, baccarat and poker, as well as electric casino and slot machine games.

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