The Rank Group (LON:RNK) Shares Climb 11% – What’s Next?

The Rank Group Plc (LON:RNK) shares were up 11% on Wednesday. The stock traded as high as GBX 87.92 and last traded at GBX 87.60. Approximately 3,777,929 shares traded hands during trading, an increase of 269% from the average session volume of 1,023,271 shares. The stock had previously closed at GBX 78.90.

Analyst Upgrades and Downgrades

RNK has been the subject of a number of analyst reports. Shore Capital Group restated a “house stock” rating on shares of The Rank Group in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 175 price target on shares of The Rank Group in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, The Rank Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 147.

The Rank Group Price Performance

The business has a 50 day simple moving average of GBX 86.22 and a two-hundred day simple moving average of GBX 93.61. The firm has a market capitalization of £408.36 million, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.75 and a beta of 1.65. The company has a debt-to-equity ratio of 60.83, a quick ratio of 0.65 and a current ratio of 0.49.

The Rank Group (LON:RNK) last issued its quarterly earnings results on Thursday, August 13th. The company reported GBX 10.50 earnings per share (EPS) for the quarter. The Rank Group had a return on equity of 7.83% and a net margin of 3.58%. On average, sell-side analysts expect that The Rank Group Plc will post 7.50 EPS for the current fiscal year.

Insider Activity at The Rank Group

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