The Rank Group (LON:RNK) Shares Down 8.3% - What's Next?

Key Points

• The Rank Group shares fell 8.3% to GBX 89.90, with trading volume rising 40% above the average daily level.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of GBX 147, despite Deutsche Bank maintaining a “Hold” rating.
• The company reported quarterly earnings of GBX 10.50 per share, alongside a 7.83% return on equity and a 3.58% net margin; analysts expect full-year EPS of approximately GBX 7.50.

The Rank Group Plc (LON:RNK - Get Free Report)'s share price traded down 8.3% during trading on Tuesday . The company traded as low as GBX 89.90 and last traded at GBX 89.90. 1,283,323 shares were traded during trading, an increase of 40% from the average daily volume of 916,025 shares. The stock had previously closed at GBX 98.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RNK shares. Shore Capital Group restated a "house stock" rating on shares of The Rank Group in a report on Thursday, August 13th. Peel Hunt reissued a "buy" rating and set a GBX 175 price target on shares of The Rank Group in a research report 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 research report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 147.

The Rank Group Price Performance

The stock has a 50-day simple moving average of GBX 99.49 and a 200 day simple moving average of GBX 97.48. The company has a market cap of £418.60 million, a PE ratio of 14.27, 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 Rank Group (LON:RNK - Get Free Report) last released its quarterly earnings results 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 analysts expect that The Rank Group Plc will post 7.5021608 EPS for the current 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.

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