The Rank Group (LON:RNK) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

The Rank Group Plc (LON:RNK)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 97.36 and traded as high as GBX 103.60. The Rank Group shares last traded at GBX 102.20, with a volume of 240,646 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RNK shares. Shore Capital Group reissued a “house stock” rating on shares of The Rank Group in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft increased their price target on The Rank Group from GBX 111 to GBX 119 and gave the stock a “hold” rating in a research report on Thursday, August 13th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 175 price target on shares of The Rank Group in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 147.

The Rank Group Stock Performance

The company has a debt-to-equity ratio of 60.83, a quick ratio of 0.65 and a current ratio of 0.49. The stock’s fifty day moving average is GBX 99.59 and its two-hundred day moving average is GBX 97.39. The firm has a market cap of £480.61 million, a price-to-earnings ratio of 12.51, a PEG ratio of 1.75 and a beta of 1.58.

The Rank Group (LON:RNK) last posted its earnings results on Thursday, August 13th. The company reported GBX 10.50 earnings per share (EPS) for the quarter. The Rank Group had a net margin of 3.58% and a return on equity of 7.83%. On average, analysts expect that The Rank Group Plc will post 7.5021608 earnings per share for the current fiscal year.

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.