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 Wednesday . The stock traded as low as GBX 805 and last traded at GBX 840, with a volume of 560 shares. The stock had previously closed at GBX 850.

Analysts Set New Price Targets

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

Arbuthnot Banking Group Stock Performance

The stock has a fifty day simple moving average of GBX 841.88 and a 200 day simple moving average of GBX 868.33. The firm has a market cap of £137.74 million, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 0.38 and a beta of 0.46.

Arbuthnot Banking Group (LON:ARBB) last announced its quarterly earnings results on Thursday, March 26th. The company reported GBX 109.10 earnings per share (EPS) for the quarter. Arbuthnot Banking Group had a return on equity of 6.53% and a net margin of 7.55%. Research analysts predict that Arbuthnot Banking Group PLC will post 169.2518248 earnings per share 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.