The Rank Group (LON:RNK) Trading 7.7% Higher - Here's What Happened

Key Points

• Shares rose 7.7% on Wednesday, trading as high as GBX 100.40 and last at GBX 97.40, with 5.72 million shares changing hands—a 436% increase versus average volume.
• Deutsche Bank downgraded the stock to a "hold" and cut its price target from GBX 163 to GBX 104, while consensus remains a Moderate Buy with an average target of GBX 152.
• Insider buying: director John H. Ott purchased 19,691 shares at GBX 90, as the company shows a P/E of 11.88 but high leverage (debt-to-equity ~104.7%), highlighting mixed valuation and balance-sheet signals.

The Rank Group Plc (LON:RNK - Get Free Report) shares traded up 7.7% on Wednesday . The company traded as high as GBX 100.40 and last traded at GBX 97.40. 5,720,391 shares traded hands during trading, an increase of 436% from the average session volume of 1,066,294 shares. The stock had previously closed at GBX 90.40.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered shares of The Rank Group to a "hold" rating and dropped their price objective for the company from GBX 163 to GBX 104 in a report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, The Rank Group presently has an average rating of "Moderate Buy" and an average price target of GBX 152.

The Rank Group Stock Up 7.7%

The stock has a market capitalization of £456.25 million, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62. 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 business's fifty day moving average price is GBX 91.83 and its two-hundred day moving average price is GBX 103.58.

The Rank Group (LON:RNK - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported GBX 5.60 EPS for the quarter. The Rank Group had a net margin of 4.20% and a return on equity of 9.03%. On average, equities research analysts forecast that The Rank Group Plc will post 7.5021608 EPS for the current fiscal year.

Insider Buying and Selling

In other The Rank Group news, insider John H. Ott purchased 19,691 shares of the stock in a transaction on Tuesday, February 3rd. The shares were bought at an average cost of GBX 90 per share, with a total value of £17,721.90. Insiders own 0.51% of the company's stock.

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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