The Rank Group (LON:RNK) Shares Up 11% - Here's Why

Key Points

• The Rank Group shares jumped 11.2% to GBX 87.60, with trading volume reaching nearly 3.8 million shares—269% above the average session volume.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of GBX 147. Deutsche Bank raised its target to GBX 119 while maintaining a “Hold” rating, and Peel Hunt retained a “Buy” rating with a GBX 175 target.
• Insiders recently purchased shares, including 40,000 shares bought by Christian Nothhaft and 13,151 shares purchased by John H. Ott, both at GBX 75 per share.

Shares of The Rank Group Plc (LON:RNK - Get Free Report) rose 11% during trading on Wednesday. The stock traded as high as GBX 87.92 and last traded at GBX 87.60. Approximately 3,777,929 shares changed hands during mid-day trading, an increase of 269% from the average session volume of 1,023,271 shares. The stock had previously closed at GBX 78.90.

Analyst Ratings Changes

RNK has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Rank Group from GBX 111 to GBX 119 and gave the company a "hold" rating in a research report on Thursday, August 13th. Peel Hunt reiterated 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, Shore Capital Group reissued a "house stock" rating on shares of The Rank Group in a report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, The Rank Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 147.

The Rank Group Stock Up 11.2%

The firm has a market capitalization of £408.36 million, a P/E ratio of 13.70, a PEG ratio of 1.75 and a beta of 1.65. 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 stock has a 50 day moving average of GBX 86.22 and a 200-day moving average of GBX 93.61.

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 for the quarter. The Rank Group had a net margin of 3.58% and a return on equity of 7.83%. Research 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 Christian Nothhaft bought 40,000 shares of the stock in a transaction on Tuesday, September 29th. The shares were acquired at an average price of GBX 75 per share, with a total value of £30,000. Also, insider John H. Ott bought 13,151 shares of the company's stock in a transaction on Monday, September 28th. The shares were bought 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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