Rank Group (RNK) Hits New 52-Week Low at $151.20

Rank Group PLC (LON:RNK)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 151.20 ($1.98) and last traded at GBX 156.20 ($2.04), with a volume of 240411 shares changing hands. The stock had previously closed at GBX 163.20 ($2.13).

Several research firms recently commented on RNK. Peel Hunt reiterated a “buy” rating on shares of Rank Group in a research note on Thursday. Canaccord Genuity cut their target price on shares of Rank Group from GBX 200 ($2.61) to GBX 180 ($2.35) and set a “hold” rating for the company in a research note on Friday, August 17th.

Rank Group (LON:RNK) last released its earnings results on Thursday, August 16th. The company reported GBX 15 ($0.20) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of GBX 15 ($0.20). Rank Group had a net margin of 7.09% and a return on equity of 12.76%.

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Thursday, September 20th will be paid a GBX 5.30 ($0.07) dividend. This is a boost from Rank Group’s previous dividend of $2.15. The ex-dividend date of this dividend is Thursday, September 20th. This represents a dividend yield of 3.1%.

Rank Group Company Profile (LON:RNK)

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.

Further Reading: Book Value Per Share – BVPS

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