Arbuthnot Banking Group (LON:ARBB) Reaches New 12-Month High – Should You Buy?

Shares of Arbuthnot Banking Group PLC (LON:ARBB) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 775 and last traded at GBX 890.80, with a volume of 889 shares changing hands. The stock had previously closed at GBX 878.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Arbuthnot Banking Group in a report on Thursday, October 23rd.

Arbuthnot Banking Group Trading Up 1.5%

The stock has a market cap of £145.38 million, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.38 and a beta of 1.00. The company has a 50 day simple moving average of GBX 894.03 and a 200-day simple moving average of GBX 947.65.

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.