The Rank Group (LON:RNK) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• The Rank Group Plc's stock price surpassed its 200-day moving average for the first time on Tuesday, trading as high as GBX 164.59 ($2.19) before settling at GBX 160.60 ($2.14).
• The company holds a market capitalization of £748.71 million and has a price-to-earnings ratio of 60.64, indicating high investor expectations for future growth.
• Shore Capital has reaffirmed a "house stock" rating for The Rank Group, signaling confidence in its potential despite recent trading fluctuations.

The Rank Group Plc (LON:RNK - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 105.31 ($1.42) and traded as high as GBX 164.59 ($2.21). The Rank Group shares last traded at GBX 160.60 ($2.16), with a volume of 801,587 shares.

Wall Street Analysts Forecast Growth

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

The Rank Group Price Performance

The stock's 50 day moving average price is GBX 139.43 and its two-hundred day moving average price is GBX 106.56. The company has a debt-to-equity ratio of 58.20, a current ratio of 0.47 and a quick ratio of 0.65. The firm has a market capitalization of £724.41 million, a price-to-earnings ratio of 58.67, a PEG ratio of 1.75 and a beta of 2.48.

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.