The Rank Group (LON:RNK) Insider Sells £11,999.40 in Stock

Key Points

• Insider sale: Richard Harris sold 8,571 Rank Group shares at GBX 140 each, for total proceeds of £11,999.40.
• Stock performance: RNK shares rose 3.4% to GBX 107.94 during mid-day trading, with the company valued at approximately £505.6 million.
• Analyst outlook: Coverage remains broadly positive, with an average “Moderate Buy” rating and a consensus price target of GBX 147, compared with the trading price reported in the article.

The Rank Group Plc (LON:RNK - Get Free Report) insider Richard Harris sold 8,571 shares of the firm's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of GBX 140, for a total transaction of £11,999.40.

The Rank Group Stock Up 3.4%

Shares of RNK traded up GBX 3.54 during mid-day trading on Wednesday, reaching GBX 107.94. The company's stock had a trading volume of 605,682 shares, compared to its average volume of 820,529. 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 Plc has a 1 year low of GBX 86 and a 1 year high of GBX 144.40. The business has a fifty day moving average of GBX 98.54 and a 200 day moving average of GBX 96.04. The company has a market cap of £505.63 million, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58.

The Rank Group (LON:RNK - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported GBX 10.50 EPS for the quarter. The Rank Group had a return on equity of 7.83% and a net margin of 3.58%. As a group, analysts forecast that The Rank Group Plc will post 7.5021608 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RNK shares. Peel Hunt reiterated a "buy" rating and issued a GBX 175 price target on shares of The Rank Group in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft lifted their price target on The Rank Group from GBX 111 to GBX 119 and gave the company a "hold" rating in a research note 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 equities research 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 147.

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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