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

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

Wall Street Analysts Forecast Growth

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 stock has a market cap of £137.09 million, a PE ratio of 7.70, a P/E/G ratio of 0.38 and a beta of 0.45. The firm’s 50 day moving average price is GBX 855.17 and its two-hundred day moving average price is GBX 873.08.

Arbuthnot Banking Group (LON:ARBB) last issued its quarterly earnings data 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%. Analysts anticipate that Arbuthnot Banking Group PLC will post 169.2518248 earnings per share for the current 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.