The Rank Group (LON:RNK) Share Price Breaks Above Fifty Day Moving Average – Time to Sell?

Shares of The Rank Group Plc (LON:RNK) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 85.89 and traded as high as GBX 87.92. The Rank Group shares last traded at GBX 87.70, with a volume of 3,838,970 shares trading hands.

Wall Street Analysts Forecast Growth

RNK has been the topic of a number of recent analyst reports. Peel Hunt reissued a “buy” rating and issued a GBX 175 price objective on shares of The Rank Group in a research note on Monday, July 13th. Shore Capital Group restated a “house stock” rating on shares of The Rank Group in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on The Rank Group from GBX 111 to GBX 119 and gave the company a “hold” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 147.

The Rank Group Price Performance

The stock’s 50-day moving average price is GBX 85.89 and its 200-day moving average price is GBX 93.55. The company has a market capitalization of £392.06 million, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.75 and a beta of 1.65. The company has a quick ratio of 0.65, a current ratio of 0.49 and a debt-to-equity ratio of 60.83.

The Rank Group (LON:RNK) last released its quarterly earnings results on Thursday, August 13th. The company reported GBX 10.50 EPS for the quarter. The Rank Group had a net margin of 3.58% and a return on equity of 7.83%. Equities research analysts anticipate that The Rank Group Plc will post 7.50 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Richard Harris sold 192,215 shares of The Rank Group stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of GBX 75, for a total value of £144,161.25. Also, insider John H. Ott bought 13,151 shares of the stock in a transaction dated Monday, September 28th. The stock was purchased at an average cost of GBX 75 per share, with a total value of £9,863.25. Company 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.