Shore Capital Reaffirms “Buy” Rating for Rank Group (LON:RNK)

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Shore Capital reissued their buy rating on shares of Rank Group (LON:RNK) in a research note issued to investors on Thursday, Digital Look reports.

Separately, Peel Hunt restated a buy rating and issued a GBX 180 ($2.35) price objective on shares of Rank Group in a research report on Wednesday, May 1st.

Rank Group stock opened at GBX 170.20 ($2.22) on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 15.74. Rank Group has a 12 month low of GBX 129.20 ($1.69) and a 12 month high of GBX 183.60 ($2.40). The stock’s 50 day simple moving average is GBX 155.43 and its two-hundred day simple moving average is GBX 158.47. The firm has a market cap of $664.94 million and a PE ratio of 22.39.

The firm also recently announced a dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 3.58%. This is an increase from Rank Group’s previous dividend of $2.15. The ex-dividend date of this dividend is Thursday, September 19th. Rank Group’s dividend payout ratio is presently 0.92%.

Rank Group Company Profile

The Rank Group Plc, together with its subsidiaries, provides gaming services in Great Britain, Spain, and Belgium. The company operates through Grosvenor Venues, Mecca Venues, UK Digital, and Enracha segments. It offers a range of casino table games, including roulette, blackjack, baccarat, and poker; electronic roulette and slots machine games; and community games, such as bingo, as well as social and bingo clubs.

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