The Rank Group (LON:RNK) Hits New 12-Month Low - Here's Why

Key Points

• The Rank Group shares fell to a new 52-week low of GBX 71.70 and last traded at GBX 72.90, about 1% lower on the day.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a GBX 147 target price, despite Deutsche Bank maintaining a “Hold” rating.
• Recent insider activity was mixed: Richard Harris sold 192,215 shares, while Christian Nothhaft bought 40,000 shares, both at approximately GBX 75 per share.

Shares of The Rank Group Plc (LON:RNK - Get Free Report) reached a new 52-week low during mid-day trading on Monday. The company traded as low as GBX 71.70 and last traded at GBX 72.90, with a volume of 654424 shares trading hands. The stock had previously closed at GBX 73.60.

Analyst Ratings Changes

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

The Rank Group Trading Down 1.0%

The stock has a market capitalization of £339.44 million, a P/E ratio of 11.39, a PEG 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 firm's 50-day simple moving average is GBX 94.96 and its 200 day simple moving average is GBX 96.02.

The Rank Group (LON:RNK - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported GBX 10.50 earnings per share for the quarter. The Rank Group had a return on equity of 7.83% and a net margin of 3.58%. Equities research analysts anticipate 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 The Rank Group news, insider Richard Harris sold 192,215 shares of the company's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of GBX 75, for a total transaction of £144,161.25. Also, insider Christian Nothhaft bought 40,000 shares of the company's stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average cost of GBX 75 per share, for a total transaction of £30,000. Insiders own 0.51% of the company's stock.

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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