Shore Capital Downgrades The Rank Group (RNK) to Hold

The Rank Group (LON:RNK) was downgraded by analysts at Shore Capital to a “hold” rating in a research report issued to clients and investors on Thursday, April 5th.

RNK has been the topic of several other reports. Canaccord Genuity lowered shares of The Rank Group to a “hold” rating and set a GBX 265 ($3.79) price objective on the stock. in a report on Wednesday, January 3rd. Peel Hunt cut their price objective on shares of The Rank Group from GBX 265 ($3.79) to GBX 245 ($3.51) and set a “buy” rating on the stock in a report on Thursday, April 5th.

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LON RNK traded down GBX 1.80 ($0.03) during trading hours on Thursday, hitting GBX 173 ($2.48). The company’s stock had a trading volume of 832,506 shares, compared to its average volume of 76,034. The Rank Group has a twelve month low of GBX 203.40 ($2.91) and a twelve month high of GBX 250 ($3.58).

In other The Rank Group news, insider Clive Jennings acquired 56,571 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of GBX 227 ($3.25) per share, for a total transaction of £128,416.17 ($183,871.95).

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About The Rank Group

The Rank Group Plc, together with its subsidiaries, provides gaming services in Great Britain, Spain, and Belgium. The company operates through Grosvenor Venues, Mecca Venues, UK Digital, and Enracha segments. It offers a range of casino table games, including roulette, blackjack, baccarat, and poker; electronic roulette and slots machine games; and community games, such as bingo, as well as social and bingo clubs.

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