Arbuthnot Banking Group (LON:ARBB) Reaches New 52-Week High – Here’s Why

Arbuthnot Banking Group PLC (LON:ARBB) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 900 and last traded at GBX 830, with a volume of 16682 shares traded. The stock had previously closed at GBX 840.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Arbuthnot Banking Group in a research note on Tuesday, July 21st.

Arbuthnot Banking Group Stock Performance

The company has a market capitalization of £133.92 million, a PE ratio of 7.52, a P/E/G ratio of 0.38 and a beta of 0.46. The company’s 50-day simple moving average is GBX 831.14 and its 200-day simple moving average is GBX 855.78.

Arbuthnot Banking Group (LON:ARBB) last announced its earnings results on Tuesday, July 21st. The company reported GBX 49.90 EPS for the quarter. Arbuthnot Banking Group had a net margin of 6.41% and a return on equity of 6.84%. Analysts expect that Arbuthnot Banking Group PLC will post 169.2518248 EPS for the current year.

Arbuthnot Banking Group Company Profile

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments. The company offers private and commercial banking services, including current and deposit accounts, loans, overdrafts, guarantees, and foreign exchange; financial planning; investment and asset management; asset finance funding; property finance; asset based lending, deposits, and specialist finance; and other finance.