The Rank Group (LON:RNK) Stock Price Down 8.5% – Here’s What Happened

by · The Cerbat Gem

The Rank Group Plc (LON:RNK – Get Free Report) was down 8.5% on Thursday . The stock traded as low as GBX 103.16 and last traded at GBX 108. Approximately 5,682,546 shares changed hands during mid-day trading, an increase of 646% from the average daily volume of 761,944 shares. The stock had previously closed at GBX 118.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RNK. Shore Capital reissued a “house stock” rating on shares of The Rank Group in a report on Tuesday, November 11th. Peel Hunt reissued a “buy” rating and issued a GBX 200 price target on shares of The Rank Group in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 200.

Get Our Latest Report on RNK

The Rank Group Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.47 and a debt-to-equity ratio of 58.20. The firm’s fifty day moving average price is GBX 122.41 and its 200-day moving average price is GBX 131.36. The stock has a market cap of £495.60 million, a P/E ratio of 11.14, a PEG ratio of 1.75 and a beta of 2.48.

The Rank Group Company Profile

(Get Free Report)

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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