The Rank Group (LON:RNK) Hits New 1-Year High - Here's Why

Key Points

• The Rank Group Plc reached a new 52-week high of GBX 164.59 during trading, reflecting a significant increase from its previous close of GBX 156.60.
• Shore Capital has reaffirmed a "house stock" rating for The Rank Group, indicating continued confidence in the company's performance.
• The company's current market capitalization stands at £750.58 million, with notable financial metrics including a P/E ratio of 60.79.

The Rank Group Plc (LON:RNK - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 164.59 ($2.21) and last traded at GBX 160.60 ($2.16), with a volume of 801587 shares trading hands. The stock had previously closed at GBX 156.60 ($2.11).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "house stock" rating on shares of The Rank Group in a research report on Thursday, July 10th.

The Rank Group Stock Performance

The stock has a market capitalization of £689.82 million, a P/E ratio of 55.87, a P/E/G ratio of 1.75 and a beta of 2.48. The company has a debt-to-equity ratio of 58.20, a quick ratio of 0.65 and a current ratio of 0.47. The stock has a 50 day moving average of GBX 139.43 and a 200 day moving average of GBX 106.56.

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.