Arbuthnot Banking Group (LON:ARBB) Sets New 52-Week Low – Here’s Why

Arbuthnot Banking Group PLC (LON:ARBB)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 700 and last traded at GBX 850, with a volume of 6528 shares traded. The stock had previously closed at GBX 825.

Analysts Set New Price Targets

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

Arbuthnot Banking Group Trading Up 3.0%

The business’s fifty day simple moving average is GBX 857.27 and its two-hundred day simple moving average is GBX 874.24. The stock has a market capitalization of £138.72 million, a P/E ratio of 7.79, a P/E/G ratio of 0.38 and a beta of 0.45.

Arbuthnot Banking Group (LON:ARBB) last posted its quarterly earnings data 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%. On average, equities research 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.