The Rank Group (LON:RNK) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of The Rank Group Plc (LON:RNK) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.11 and traded as low as GBX 98.20. The Rank Group shares last traded at GBX 99, with a volume of 466,654 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RNK. Shore Capital reissued a “house stock” rating on shares of The Rank Group in a research report on Tuesday, November 11th. Peel Hunt reaffirmed a “buy” rating and set a GBX 200 target price on shares of The Rank Group in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 200.

The Rank Group Price Performance

The firm’s fifty day simple moving average is GBX 104.50 and its 200-day simple moving average is GBX 125.81. The firm has a market capitalization of £459.06 million, a PE ratio of 10.32, a PEG ratio of 1.75 and a beta of 2.48. The company has a quick ratio of 0.65, a current ratio of 0.47 and a debt-to-equity ratio of 58.20.

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.