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

Arbuthnot Banking Group PLC (LON:ARBB)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 800 and last traded at GBX 840, with a volume of 3017 shares trading hands. The stock had previously closed at GBX 840.

Analyst Ratings Changes

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

Arbuthnot Banking Group Price Performance

The firm has a market capitalization of £137.09 million, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.38 and a beta of 0.45. The firm’s 50-day simple moving average is GBX 855.17 and its 200-day simple moving average is GBX 873.08.

Arbuthnot Banking Group (LON:ARBB) last announced its earnings results on Thursday, March 26th. The company reported GBX 109.10 earnings per share (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 expect that Arbuthnot Banking Group PLC will post 169.2518248 EPS for the current fiscal year.

About Arbuthnot Banking Group

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.