Arbuthnot Banking Group (LON:ARBB) Stock Crosses Below 200-Day Moving Average – Here’s Why

Arbuthnot Banking Group PLC (LON:ARBB)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 853.38 and traded as low as GBX 825.45. Arbuthnot Banking Group shares last traded at GBX 830, with a volume of 16,048 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Arbuthnot Banking Group in a research report on Tuesday, July 21st.

Arbuthnot Banking Group Price Performance

The stock has a market capitalization of £135.46 million, a P/E ratio of 7.12, a PEG ratio of 0.38 and a beta of 0.46. The stock’s fifty day moving average is GBX 829.51 and its 200-day moving average is GBX 852.75.

Arbuthnot Banking Group (LON:ARBB) last posted its earnings results on Tuesday, July 21st. The company reported GBX 49.90 EPS for the quarter. Arbuthnot Banking Group had a net margin of 6.41% and a return on equity of 6.84%. On average, research analysts expect that Arbuthnot Banking Group PLC will post 169.2518248 EPS for the current year.

Arbuthnot Banking Group Company Profile

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.