TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Rank Group plc ( (GB:RNK) ) has issued an update.
Rank Group Plc announced that the UK Autumn Budget 2025 will significantly impact its operations due to an increase in Remote Gaming Duty from 21% to 40%, resulting in an estimated £40 million reduction in operating profit. While the abolition of Bingo Duty provides a £6 million benefit, the company faces additional costs from a rise in the National Minimum Wage. Despite these challenges, Rank Group maintains a strong balance sheet and plans to explore mitigating actions to manage the financial impact.
The most recent analyst rating on (GB:RNK) stock is a Buy with a £163.00 price target. To see the full list of analyst forecasts on Rank Group plc stock, see the GB:RNK Stock Forecast page.
Spark’s Take on GB:RNK Stock
According to Spark, TipRanks’ AI Analyst, GB:RNK is a Outperform.
Rank Group shows strong bullish momentum and strategic growth potential, highlighted by recent corporate events and solid financial recovery. While technical indicators signal overbought conditions, the stock’s reasonable valuation and positive outlook suggest potential for further gains.
To see Spark’s full report on GB:RNK stock, click here.
More about Rank Group plc
Rank Group Plc operates in the regulated betting and gaming industry, offering digital and land-based gaming services. The company is focused on the UK market, providing products such as remote gaming and bingo.
Average Trading Volume: 514,195
Technical Sentiment Signal: Hold
Current Market Cap: £502.2M
For a thorough assessment of RNK stock, go to TipRanks’ Stock Analysis page.