The Rank Group (LON:RNK) Stock: Insider Christian Nothhaft Purchases 40,000 Shares

Key Points

• Insider purchase: Christian Nothhaft bought 40,000 Rank Group shares at GBX 75 each, investing a total of £30,000.
• Stock performance: Rank Group shares rose 1.7% to GBX 75.53, but remain near their one-year low of GBX 73.71 and well below the 52-week high of GBX 142.
• Analyst outlook: Broker coverage remains positive overall, with a consensus “Moderate Buy” rating and an average price target of GBX 147, despite one “Hold” recommendation.

The Rank Group Plc (LON:RNK - Get Free Report) insider Christian Nothhaft bought 40,000 shares of the business's stock in a transaction on Tuesday, September 29th. The stock was bought at an average price of GBX 75 per share, for a total transaction of £30,000.

The Rank Group Trading Up 1.7%

The Rank Group stock traded up GBX 1.23 during trading hours on Tuesday, hitting GBX 75.53. The stock had a trading volume of 3,234,045 shares, compared to its average volume of 958,333. The stock has a market cap of £351.69 million, a price-to-earnings ratio of 11.99, a P/E/G ratio of 1.75 and a beta of 1.58. The company has a quick ratio of 0.65, a current ratio of 0.49 and a debt-to-equity ratio of 60.83. The business's 50 day simple moving average is GBX 96.47 and its 200-day simple moving average is GBX 96.51. The Rank Group Plc has a one year low of GBX 73.71 and a one year high of GBX 142.

The Rank Group (LON:RNK - Get Free Report) last announced its earnings results 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 predict that The Rank Group Plc will post 7.5021608 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About The Rank Group

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.

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