The Rank Group (LON:RNK) Stock Crosses Above 50 Day Moving Average – Time to Sell?

The Rank Group Plc (LON:RNK)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 85.89 and traded as high as GBX 87.92. The Rank Group shares last traded at GBX 87.70, with a volume of 3,838,970 shares traded.

Analysts Set New Price Targets

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

The Rank Group Price Performance

The company has a market cap of £391.59 million, a price-to-earnings ratio of 13.14, a PEG ratio of 1.75 and a beta of 1.65. 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 company’s 50 day moving average price is GBX 84.95 and its 200 day moving average price is GBX 93.42.

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

Insider Activity at The Rank Group

In other The Rank Group news, insider Christian Nothhaft bought 40,000 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were bought at an average price of GBX 75 per share, for a total transaction of £30,000. Also, insider Richard Harris sold 192,215 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of GBX 75, for a total value of £144,161.25. 0.51% of the stock is 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.