The Rank Group Plc (LON:RNK – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 76.88 ($1.00) and traded as high as GBX 88.80 ($1.16). The Rank Group shares last traded at GBX 88.20 ($1.15), with a volume of 401,599 shares.
Analysts Set New Price Targets
Separately, Shore Capital reiterated a “buy” rating on shares of The Rank Group in a research report on Thursday, August 15th.
View Our Latest Stock Analysis on The Rank Group
The Rank Group Trading Down 0.2 %
The Rank Group Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be given a GBX 0.85 ($0.01) dividend. The ex-dividend date is Thursday, September 19th. This represents a yield of 1.21%. The Rank Group’s dividend payout ratio (DPR) is presently 3,333.33%.
Insider Buying and Selling at The Rank Group
In other news, insider Richard Harris bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average price of GBX 76 ($0.99) per share, for a total transaction of £22,800 ($29,772.79). Company insiders own 60.53% of the company’s stock.
About The Rank Group
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.
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