The Rank Group (LON:RNK) Shares Down 8.5% – What’s Next?

The Rank Group Plc (LON:RNK) shares traded down 8.5% during mid-day trading on Thursday . The stock traded as low as GBX 103.16 and last traded at GBX 108. 5,682,546 shares changed hands during mid-day trading, an increase of 646% from the average session volume of 761,944 shares. The stock had previously closed at GBX 118.

Wall Street Analyst Weigh In

RNK has been the subject of a number of recent research reports. Shore Capital reiterated a “house stock” rating on shares of The Rank Group in a report on Tuesday, November 11th. Peel Hunt reiterated a “buy” rating and set a GBX 200 price objective on shares of The Rank Group in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, The Rank Group currently has an average rating of “Buy” and an average target price of GBX 200.

The Rank Group Stock Performance

The company has a current ratio of 0.47, a quick ratio of 0.65 and a debt-to-equity ratio of 58.20. The company has a market cap of £504.97 million, a PE ratio of 11.35, a P/E/G ratio of 1.75 and a beta of 2.48. The firm’s 50-day simple moving average is GBX 123.49 and its two-hundred day simple moving average is GBX 131.71.

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.