Arbuthnot Banking Group (LON:ARBB) Hits New 1-Year High – Should You Buy?

Arbuthnot Banking Group PLC (LON:ARBB) reached a new 52-week high during trading on Monday . The company traded as high as GBX 900 and last traded at GBX 820, with a volume of 24507 shares traded. The stock had previously closed at GBX 844.

Analysts Set New Price Targets

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

Arbuthnot Banking Group Price Performance

The stock’s 50 day simple moving average is GBX 839.63 and its two-hundred day simple moving average is GBX 866.58. The company has a market capitalization of £134.90 million, a P/E ratio of 7.58, a P/E/G ratio of 0.38 and a beta of 0.46.

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.