The Rank Group (LON:RNK) Shares Cross Below 200-Day Moving Average – Here’s Why

The Rank Group Plc (LON:RNK)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 97.44 and traded as low as GBX 95.30. The Rank Group shares last traded at GBX 96, with a volume of 277,960 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of The Rank Group to a “hold” rating and set a GBX 106 price target for the company in a report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 153.

The Rank Group Stock Performance

The company has a market capitalization of £466.09 million, a price-to-earnings ratio of 12.13, a PEG ratio of 1.75 and a beta of 1.60. The company has a debt-to-equity ratio of 104.68, a current ratio of 0.45 and a quick ratio of 0.65. The stock has a 50 day simple moving average of GBX 96.67 and a two-hundred day simple moving average of GBX 97.44.

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.