Arbuthnot Banking Group (LON:ARBB) Hits New 12-Month High – What’s Next?

Shares of Arbuthnot Banking Group PLC (LON:ARBB) reached a new 52-week high on Monday . The company traded as high as GBX 775 and last traded at GBX 877.90, with a volume of 4030 shares trading hands. The stock had previously closed at GBX 883.75.

Analyst Upgrades and Downgrades

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

Arbuthnot Banking Group Trading Down 0.7%

The firm has a market capitalization of £143.27 million, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.38 and a beta of 1.00. The business’s 50 day simple moving average is GBX 887.77 and its two-hundred day simple moving average is GBX 933.78.

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.