The Rank Group (LON:RNK) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of The Rank Group Plc (LON:RNK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 95.53 and traded as high as GBX 100.60. The Rank Group shares last traded at GBX 98.70, with a volume of 2,103,331 shares.

Wall Street Analysts Forecast Growth

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

The Rank Group Stock Performance

The company has a debt-to-equity ratio of 61.99, a current ratio of 0.45 and a quick ratio of 0.65. The company’s fifty day simple moving average is GBX 97.48 and its two-hundred day simple moving average is GBX 95.53. The stock has a market cap of £459.06 million, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.75 and a beta of 1.58.

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.