Arbuthnot Banking Group (LON:ARBB) Reaches New 1-Year High – Still a Buy?

Arbuthnot Banking Group PLC (LON:ARBB) shares hit a new 52-week high during mid-day trading on Monday . The company 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 Analysts Forecast Growth

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

Arbuthnot Banking Group Price Performance

The stock’s fifty day moving average price is GBX 831.04 and its 200 day moving average price is GBX 856.67. The stock has a market capitalization of £135.46 million, a P/E ratio of 7.61, a PEG ratio of 0.38 and a beta of 0.46.

Arbuthnot Banking Group (LON:ARBB) last announced its quarterly earnings results on Tuesday, July 21st. The company reported GBX 49.90 earnings per share (EPS) for the quarter. Arbuthnot Banking Group had a return on equity of 6.84% and a net margin of 6.41%. On average, sell-side analysts expect that Arbuthnot Banking Group PLC will post 169.2518248 earnings per share 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.