The Rank Group (LON:RNK) Shares Cross Below 200 Day Moving Average - Here's Why

Key Points

• The Rank Group shares dropped below its 200-day moving average (200‑day MA GBX 101.52), trading as low as GBX 93 and last at GBX 96 on a volume of 251,124 shares.
• Analyst sentiment is mixed—Deutsche Bank set a GBX 106 target with a "hold" rating, while the consensus is a Moderate Buy with an average target price of GBX 153.
• Company fundamentals show a high debt-to-equity ratio (104.68) and low liquidity (current ratio 0.45), although an insider bought 19,691 shares at GBX 90, indicating some insider confidence.

The Rank Group Plc (LON:RNK - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 101.52 and traded as low as GBX 93. The Rank Group shares last traded at GBX 96, with a volume of 251,124 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of The Rank Group to a "hold" rating and set a GBX 106 target price for the company in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 153.

The Rank Group Stock Up 0.7%

The company has a debt-to-equity ratio of 104.68, a current ratio of 0.45 and a quick ratio of 0.65. The firm's 50 day moving average is GBX 94.67 and its two-hundred day moving average is GBX 101.52. The firm has a market capitalization of £449.69 million, a P/E ratio of 11.71, a PEG ratio of 1.75 and a beta of 1.62.

The Rank Group (LON:RNK - Get Free Report) last released its earnings results on Thursday, January 29th. The company reported GBX 5.60 earnings per share for the quarter. The Rank Group had a net margin of 4.20% and a return on equity of 9.03%. Research analysts predict that The Rank Group Plc will post 7.5021608 EPS for the current year.

Insider Buying and Selling

In related news, insider John H. Ott acquired 19,691 shares of The Rank Group stock in a transaction on Tuesday, February 3rd. The stock was purchased at an average cost of GBX 90 per share, with a total value of £17,721.90. 0.51% of the stock is currently owned by company insiders.

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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