The Rank Group (LON:RNK) Shares Break Below 200-Day Moving Average - Here's What Happened

Key Points

• The Rank Group’s shares fell below their 200-day moving average, trading as low as GBX 70.40 versus the average of GBX 95.16, with the stock last at GBX 70.60.
• Analysts maintain a generally positive outlook, with ratings ranging from Buy to Hold and a consensus price target of GBX 147, well above the recent trading price.
• Insider activity was mixed: John H. Ott bought 13,151 shares at GBX 75, while Richard Harris sold 192,215 shares at the same price.

Shares of The Rank Group Plc (LON:RNK - Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 95.16 and traded as low as GBX 70.40. The Rank Group shares last traded at GBX 70.60, with a volume of 1,251,744 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RNK. Peel Hunt restated a "buy" rating and issued a GBX 175 price target on shares of The Rank Group in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft increased their price objective on The Rank Group from GBX 111 to GBX 119 and gave the stock a "hold" rating in a report on Thursday, August 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, The Rank Group has an average rating of "Moderate Buy" and a consensus price target of GBX 147.

The Rank Group Stock Down 1.0%

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 company has a market capitalization of £328.73 million, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.75 and a beta of 1.58. The stock's fifty day moving average price is GBX 91.65 and its 200-day moving average price is GBX 95.16.

The Rank Group (LON:RNK - Get Free Report) 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 net margin of 3.58% and a return on equity of 7.83%. On average, sell-side analysts predict that The Rank Group Plc will post 7.50 earnings per share for the current fiscal year.

Insider Activity at The Rank Group

In other The Rank Group news, insider John H. Ott purchased 13,151 shares of the business's stock in a transaction on Monday, September 28th. The shares were purchased at an average cost of GBX 75 per share, with a total value of £9,863.25. Also, insider Richard Harris sold 192,215 shares of the business's stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of GBX 75, for a total transaction of £144,161.25. 0.51% of the stock is owned by 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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