Arbuthnot Banking Group (LON:ARBB) Hits New 1-Year Low – What’s Next?

Arbuthnot Banking Group PLC (LON:ARBB) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 770 and last traded at GBX 809.10, with a volume of 85851 shares trading hands. The stock had previously closed at GBX 810.

Wall Street Analysts Forecast Growth

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

Arbuthnot Banking Group Price Performance

The firm has a 50-day simple moving average of GBX 827.24 and a 200 day simple moving average of GBX 848.25. The stock has a market capitalization of £132.05 million, a P/E ratio of 6.95, a P/E/G ratio of 0.38 and a beta of 0.46.

Arbuthnot Banking Group (LON:ARBB) last released its earnings results on Tuesday, July 21st. The company reported GBX 49.90 earnings per share (EPS) for the quarter. Arbuthnot Banking Group had a net margin of 6.41% and a return on equity of 6.84%. Sell-side analysts anticipate that Arbuthnot Banking Group PLC will post 169.2518248 earnings per share for the current fiscal 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.