Arbuthnot Banking Group (LON:ARBB) Reaches New 52-Week High – Should You Buy?

Shares of Arbuthnot Banking Group PLC (LON:ARBB) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 800 and last traded at GBX 805, with a volume of 12532 shares. The stock had previously closed at GBX 822.50.

Analyst Upgrades and Downgrades

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

Arbuthnot Banking Group Price Performance

The business’s 50 day moving average price is GBX 863.04 and its 200 day moving average price is GBX 878.23. The stock has a market capitalization of £131.38 million, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 0.38 and a beta of 0.45.

Arbuthnot Banking Group (LON:ARBB) last announced its quarterly earnings results on Thursday, March 26th. The company reported GBX 109.10 EPS for the quarter. Arbuthnot Banking Group had a net margin of 7.55% and a return on equity of 6.53%. As a group, 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.