The Rank Group (LON:RNK) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

The Rank Group Plc (LON:RNK)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 99.19 and traded as high as GBX 102.80. The Rank Group shares last traded at GBX 98.60, with a volume of 10,024,407 shares traded.

Analyst Upgrades and Downgrades

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 research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 153.

The Rank Group Trading Up 1.4%

The company has a quick ratio of 0.65, a current ratio of 0.45 and a debt-to-equity ratio of 61.99. The firm has a market cap of £471.24 million, a price-to-earnings ratio of 12.27, a PEG ratio of 1.75 and a beta of 1.60. The company has a 50-day moving average price of GBX 99.19 and a 200 day moving average price of GBX 96.90.

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.