The Rank Group (LON:RNK) Hits New 1-Year Low – Here’s What Happened

Shares of The Rank Group Plc (LON:RNK) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 73.71 and last traded at GBX 75.30, with a volume of 2734919 shares trading hands. The stock had previously closed at GBX 74.30.

Analyst Upgrades and Downgrades

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

The Rank Group Stock Performance

The firm has a fifty day simple moving average of GBX 95.75 and a 200 day simple moving average of GBX 96.27. The company has a debt-to-equity ratio of 60.83, a current ratio of 0.49 and a quick ratio of 0.65. The company has a market cap of £357.14 million, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.75 and a beta of 1.58.

The Rank Group (LON:RNK) last announced its 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%. On average, sell-side analysts expect that The Rank Group Plc will post 7.5021608 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Rank Group news, insider John H. Ott purchased 13,151 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were purchased at an average price of GBX 75 per share, for a total transaction of £9,863.25. Also, insider Christian Nothhaft acquired 40,000 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average price of GBX 75 per share, with a total value of £30,000. 0.51% of the stock is owned by company insiders.

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.