Rank Group (RNK) Rating Lowered to Hold at Canaccord Genuity

Rank Group (LON:RNK) was downgraded by analysts at Canaccord Genuity to a “hold” rating in a research report issued on Wednesday, January 3rd. They currently have a GBX 265 ($3.59) target price on the stock. Canaccord Genuity’s price objective indicates a potential upside of 9.05% from the stock’s current price.

A number of other research analysts have also weighed in on RNK. Peel Hunt upgraded Rank Group to a “buy” rating and set a GBX 265 ($3.59) price objective on the stock in a report on Thursday, November 16th. Shore Capital reiterated a “buy” rating on shares of Rank Group in a report on Thursday, October 19th.

Shares of Rank Group (LON RNK) opened at GBX 243 ($3.30) on Wednesday. Rank Group has a one year low of GBX 180.80 ($2.45) and a one year high of GBX 250 ($3.39). The company has a market cap of $955.22 and a P/E ratio of 1,518.75.

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Rank Group Company Profile

The Rank Group Plc operates gaming services in Great Britain (including the Channel Islands), Spain and Belgium. The Company’s segments include Grosvenor Casinos, Mecca and Enracha. The Company’s Grosvenor Casinos is a multi-channel casino operator in the United Kingdom. Grosvenor Casinos offers a range of casino table games, including roulette, blackjack, baccarat and poker, as well as electric casino and slot machine games.

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