Arbuthnot Banking Group (LON:ARBB) Sets New 1-Year High – Time to Buy?

Arbuthnot Banking Group PLC (LON:ARBB) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 775 and last traded at GBX 884, with a volume of 5450 shares traded. The stock had previously closed at GBX 882.

Analysts Set New Price Targets

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

Arbuthnot Banking Group Price Performance

The firm’s 50-day simple moving average is GBX 889.35 and its 200 day simple moving average is GBX 939.93. The firm has a market capitalization of £144.27 million, a price-to-earnings ratio of 8.82, a P/E/G ratio of 0.38 and a beta of 1.00.

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.