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

The Rank Group Plc (LON:RNK – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 95.58 and traded as high as GBX 105.20. The Rank Group shares last traded at GBX 100.40, with a volume of 350,347 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RNK shares. Deutsche Bank Aktiengesellschaft raised The Rank Group to a “hold” rating and set a GBX 106 price target on the stock in a research note on Thursday, April 16th. Shore Capital Group restated a “house stock” rating on shares of The Rank Group in a research report on Tuesday, July 14th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 175 price target on shares of The Rank Group in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 140.50.

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The Rank Group Price Performance

The stock has a market capitalization of £475.92 million, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. The company’s 50-day simple moving average is GBX 97.69 and its 200-day simple moving average is GBX 95.58. The company has a debt-to-equity ratio of 61.99, a current ratio of 0.45 and a quick ratio of 0.65.

About The Rank Group

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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.

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