The Rank Group (LON:RNK) Shares Down 8.3% – Here’s Why

The Rank Group Plc (LON:RNK) dropped 8.3% during mid-day trading on Tuesday . The company traded as low as GBX 89.90 and last traded at GBX 89.90. Approximately 1,283,323 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 916,025 shares. The stock had previously closed at GBX 98.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on The Rank Group from GBX 111 to GBX 119 and gave the company a “hold” rating in a research note on Thursday, August 13th. Peel Hunt reaffirmed a “buy” rating and set a GBX 175 target price on shares of The Rank Group in a research note on Monday, July 13th. Finally, Shore Capital Group reissued a “house stock” rating on shares of The Rank Group in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 147.

The Rank Group Stock Down 8.3%

The company has a debt-to-equity ratio of 60.83, a quick ratio of 0.65 and a current ratio of 0.49. The company has a market cap of £418.60 million, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. The business has a 50-day simple moving average of GBX 99.49 and a 200-day simple moving average of GBX 97.48.

The Rank Group (LON:RNK) last announced its quarterly earnings data on Thursday, August 13th. The company reported GBX 10.50 EPS for the quarter. The Rank Group had a return on equity of 7.83% and a net margin of 3.58%. On average, equities analysts anticipate that The Rank Group Plc will post 7.5021608 earnings per share for the current fiscal year.

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.