The Rank Group (LON:RNK) Shares Up 11% – Still a Buy?

The Rank Group Plc (LON:RNK)’s share price rose 11% during trading on Wednesday. The company traded as high as GBX 87.92 and last traded at GBX 87.60. 3,777,929 shares were traded during trading, an increase of 269% from the average daily volume of 1,023,271 shares. The stock had previously closed at GBX 78.90.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Rank Group from GBX 111 to GBX 119 and gave the company a “hold” rating in a research report on Thursday, August 13th. Shore Capital Group restated a “house stock” rating on shares of The Rank Group in a research report on Thursday, August 13th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 175 target price on shares of The Rank Group in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 147.

The Rank Group Stock Down 0.9%

The firm’s 50-day moving average price is GBX 85.45 and its 200-day moving average price is GBX 93.49. The company has a debt-to-equity ratio of 60.83, a current ratio of 0.49 and a quick ratio of 0.65. The company has a market cap of £400.44 million, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.75 and a beta of 1.65.

The Rank Group (LON:RNK) last posted its earnings results on Thursday, August 13th. The company reported GBX 10.50 earnings per share for the quarter. The Rank Group had a net margin of 3.58% and a return on equity of 7.83%. Sell-side analysts forecast that The Rank Group Plc will post 7.50 earnings per share for the current fiscal year.

Insider Buying and Selling at The Rank Group

In related news, insider John H. Ott acquired 13,151 shares of The Rank Group stock in a transaction on Monday, September 28th. The shares were bought at an average price of GBX 75 per share, for a total transaction of £9,863.25. Also, insider Christian Nothhaft bought 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was bought at an average cost of GBX 75 per share, with a total value of £30,000. 0.51% of the stock is currently owned by corporate insiders.

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.