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

Shares of The Rank Group Plc (LON:RNK) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 153.

The Rank Group Stock Performance

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 stock’s 50-day simple moving average is GBX 94.67 and its 200 day simple moving average is GBX 101.52. The stock has a market capitalization of £449.69 million, a P/E ratio of 11.71, a PEG ratio of 1.75 and a beta of 1.62.

The Rank Group (LON:RNK) last posted its 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 9.03% and a net margin of 4.20%. Research analysts expect that The Rank Group Plc will post 7.5021608 EPS for the current fiscal year.

Insider Buying and Selling at The Rank Group

In other news, insider John H. Ott bought 19,691 shares of the company’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. Corporate insiders own 0.51% of the company’s stock.

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.