The Rank Group (LON:RNK) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of The Rank Group Plc (LON:RNK) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 95.99 and traded as low as GBX 90.30. The Rank Group shares last traded at GBX 90.70, with a volume of 10,562,267 shares.

Analyst Ratings Changes

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

The Rank Group Stock Up 1.5%

The business has a fifty day simple moving average of GBX 97.65 and a 200 day simple moving average of GBX 95.88. The firm has a market cap of £440.32 million, a price-to-earnings ratio of 11.46, a PEG ratio of 1.75 and a beta of 1.58. 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

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.