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

Arbuthnot Banking Group PLC (LON:ARBB) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 755 and last traded at GBX 795, with a volume of 23944 shares changing hands. The stock had previously closed at GBX 760.

Wall Street Analysts Forecast Growth

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 firm’s fifty day simple moving average is GBX 814.08 and its 200 day simple moving average is GBX 838.29. The stock has a market capitalization of £129.74 million, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 0.38 and a beta of 0.45.

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