The Rank Group (LON:RNK) Trading Down 8.3% – Here’s Why

Shares of The Rank Group Plc (LON:RNK) were down 8.3% during mid-day trading on Tuesday . The company traded as low as GBX 89.90 and last traded at GBX 89.90. 1,283,323 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 916,025 shares. The stock had previously closed at GBX 98.

Wall Street Analyst Weigh In

A number of research firms have commented on RNK. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Rank Group from GBX 111 to GBX 119 and gave the stock a “hold” rating in a report on Thursday, August 13th. Peel Hunt restated a “buy” rating and issued a GBX 175 price target on shares of The Rank Group in a research report on Monday, July 13th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of The Rank Group in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Rank Group has a consensus rating of “Moderate Buy” and an average target price of GBX 147.

The Rank Group Stock Up 0.9%

The firm’s 50 day moving average is GBX 99.26 and its two-hundred day moving average is GBX 97.43. The firm has a market cap of £408.82 million, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. The company has a current ratio of 0.49, a quick ratio of 0.65 and a debt-to-equity ratio of 60.83.

The Rank Group (LON:RNK) last issued its quarterly earnings data 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%. As a group, research analysts anticipate that The Rank Group Plc will post 7.5021608 EPS 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.