The stock should rebound on the Gbp 154.3 support level.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. The company seems undervalued as suggested by its P/E ratio at 11.3 times 2015 earnings estimates. The consensus is unanimously buyer with a potential of 14% from the average target price at GBp 179.

Rank Group is in an uptrend in the medium and long term, although, the last bearish movement would throw it back near a major support level. This threshold, if preserved, will enable the equity to take advantage of a rebound towards GBp 175.

The decline observed in the short term offers an interesting entry point for a mid-term trading strategy. Thus, investors could take advantage of the current prices level to buy Rank Group. The target will be set at GBp 175. The stop loss will be triggered below the GBp 154.3 support.