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

Shares of Arbuthnot Banking Group PLC (LON:ARBB) hit a new 52-week high during trading on Monday . The company traded as high as GBX 775 and last traded at GBX 888.60, with a volume of 9868 shares. The stock had previously closed at GBX 887.40.

Analysts Set New Price Targets

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

Arbuthnot Banking Group Stock Performance

The stock has a market capitalization of £145.02 million, a PE ratio of 8.87, a PEG ratio of 0.38 and a beta of 1.00. The stock has a 50-day moving average price of GBX 891.76 and a two-hundred day moving average price of GBX 945.57.

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.