The Rank Group (LON:RNK) Share Price Breaks Above Fifty Day Moving Average - Should You Sell?

Key Points

• The Rank Group shares rose above their 50-day moving average, reaching GBX 87.92 before closing at GBX 87.70 on trading volume of nearly 3.84 million shares.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus and an average price target of GBX 147; ratings include one Buy and one Hold.
• The company reported quarterly EPS of GBX 10.50, while recent insider activity was mixed: one insider sold shares and another purchased them at GBX 75.

Shares of The Rank Group Plc (LON:RNK - Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 85.89 and traded as high as GBX 87.92. The Rank Group shares last traded at GBX 87.70, with a volume of 3,838,970 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Shore Capital Group reiterated a "house stock" rating on shares of The Rank Group in a research note on Thursday, August 13th. Peel Hunt restated a "buy" rating and issued a GBX 175 price objective on shares of The Rank Group in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft raised 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 147.

The Rank Group Stock Performance

The company has a market capitalization of £392.06 million, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.75 and a beta of 1.65. The firm has a 50 day moving average price of GBX 85.89 and a two-hundred day moving average price of GBX 93.55. 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 Rank Group (LON:RNK - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported GBX 10.50 earnings per share (EPS) for the quarter. The Rank Group had a return on equity of 7.83% and a net margin of 3.58%. On average, research analysts expect that The Rank Group Plc will post 7.50 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard Harris sold 192,215 shares of The Rank Group 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 John H. Ott purchased 13,151 shares of The Rank Group stock in a transaction on Monday, September 28th. The stock was purchased at an average price of GBX 75 per share, for a total transaction of £9,863.25. 0.51% of the stock is currently owned by corporate insiders.

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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