Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Deutsche Bank downgrades Rank Group, slashes price target

Fri 23 Jan 2026 09:37

(Sharecast News) - Rank Group slid on Friday after Deutsche Bank downgraded the shares to 'hold' from 'buy' and slashed the price target to 104p from 163p as it updated its view on the European gaming sector. In the same research note, Deutsche also downgraded Evoke to 'hold' from 'buy' and cut the price target significantly to 35p from 108p.

"We see several of the major themes from 2025 continuing to drive the narrative and share prices for the sector into 2026," DB said.

It pointed out that while taxes on the online UK market are known, responses from operators and customers are yet to be seen.

At 0930 GMT, Rank shares were down 4.6% at 93.85p, while Evoke - formerly 888 Holdings - was 1% lower at 29.90p.

Rank owns Grosvenor Casinos and Mecca Bingo, while Evoke owns William Hill and Mr Green, among others.

Share this article

Related Sharecast Articles

Thu 08 Oct 2026 14:53
Next 15 first-half results in line as profits, revenue dip
(Sharecast News) - Shares of Next 15 slid on Thursday after it reported a dip in first-half profit and revenue, albeit in line with expectations.
Thu 08 Oct 2026 14:12
Friday preview: Delta Air Lines results in focus
(Sharecast News) - Friday sees the release of quarterly results from Delta Air Lines in the US, along with the preliminary Michigan consumer sentiment index for October.
Thu 08 Oct 2026 13:58
Asos hackers accessed more customer details than first thought
(Sharecast News) - More customer information than first thought was accessed in the Asos cyber attack that came to light earlier this week, after hackers gained access to an employee account by impersonating a trusted contact.
Thu 08 Oct 2026 12:27
Bunzl buys nursing home products distributor Blueleaf
(Sharecast News) - Distribution and services group Bunzl said on Thursday that it has bought Blueleaf, a UK distributor of care and nursing home products, for an undisclosed sum.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Awards

Award 1
Award 2
Award 3

Policies and important information

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statements | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Statutory and Regulatory disclosures | Whistleblowing programme

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026