The Rank Group (LON:RNK) Reaches New 52-Week Low – Here’s Why

The Rank Group Plc (LON:RNK)’s share price hit a new 52-week low during 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

A number of brokerages have issued reports on RNK. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Rank Group from GBX 111 to GBX 119 and gave the company a “hold” rating in a research report on Thursday, August 13th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 175 target price 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 147.

The Rank Group Price Performance

The stock has a market cap of £350.62 million, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. The firm has a 50-day moving average price of GBX 96.47 and a 200-day moving average price of GBX 96.51. 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 released its earnings results on Thursday, August 13th. The company reported GBX 10.50 EPS for the quarter. The Rank Group had a return on equity of 7.83% and a net margin of 3.58%. On average, analysts forecast that The Rank Group Plc will post 7.5021608 earnings per share for the current fiscal year.

Insider Buying and Selling at The Rank Group

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

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.