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

Arbuthnot Banking Group PLC (LON:ARBB)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 850 and last traded at GBX 805, with a volume of 22423 shares trading hands. The stock had previously closed at GBX 835.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Arbuthnot Banking Group in a research note on Wednesday, May 20th.

Arbuthnot Banking Group Trading Down 3.6%

The firm has a market capitalization of £131.38 million, a PE ratio of 7.38, a PEG ratio of 0.38 and a beta of 0.45. The business has a fifty day moving average price of GBX 851.62 and a two-hundred day moving average price of GBX 871.72.

Arbuthnot Banking Group (LON:ARBB) last released its quarterly earnings results on Thursday, March 26th. The company reported GBX 109.10 earnings per share for the quarter. Arbuthnot Banking Group had a return on equity of 6.53% and a net margin of 7.55%. On average, equities analysts forecast 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.