Shore Capital Reaffirms Buy Rating for The Rank Group (LON:RNK)

Shore Capital reaffirmed their buy rating on shares of The Rank Group (LON:RNK) in a research note published on Thursday morning, MarketBeat reports.

The Rank Group Price Performance

Shares of RNK stock opened at GBX 74.19 ($0.92) on Thursday. The stock has a 50-day moving average price of GBX 70.59 and a 200 day moving average price of GBX 73.03. The company has a quick ratio of 0.65, a current ratio of 0.44 and a debt-to-equity ratio of 64.63. The firm has a market cap of £347.53 million, a price-to-earnings ratio of -364.15, a PEG ratio of 1.75 and a beta of 2.46. The Rank Group has a 12 month low of GBX 60.40 ($0.75) and a 12 month high of GBX 107.60 ($1.34).

Insider Buying and Selling

In related news, insider Richard Harris bought 43,859 shares of The Rank Group stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of GBX 67 ($0.83) per share, for a total transaction of £29,385.53 ($36,581.02). Corporate insiders own 56.16% of the company’s stock.

The Rank Group Company Profile

The Rank Group Plc, together with its subsidiaries, engages in provision of gaming services in Great Britain, Spain, and India. It operates through Grosvenor Venues, Mecca Venues, Digital, and Enracha Venues segments. The company offers a range of casino table games, including roulette, blackjack, baccarat, and poker, as well as electronic roulette and slots machine games; and community games, such as bingo, slot machine games, food and drink, and live entertainment.