Arbuthnot Banking Group (LON:ARBB) Hits New 12-Month High - Here's What Happened

Key Points

• Arbuthnot Banking Group PLC reached a new 12-month high, trading at GBX 930 ($12.54) after previously closing at GBX 918.60 ($12.38).
• The company reported earnings of GBX 42.50 per share for the quarter, with a predicted annual EPS of approximately 169.25.
• Shore Capital reaffirmed a "house stock" rating on Arbuthnot's shares, indicating a favorable outlook for the stock.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 775 ($10.45) and last traded at GBX 930 ($12.54), with a volume of 7631 shares. The stock had previously closed at GBX 918.60 ($12.38).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Arbuthnot Banking Group in a report on Tuesday, July 22nd.

Arbuthnot Banking Group Price Performance

The firm has a market capitalization of £151.78 million, a price-to-earnings ratio of 928.14, a PEG ratio of 0.38 and a beta of 1.00. The firm has a 50 day moving average price of GBX 1,013.66 and a 200-day moving average price of GBX 963.37.

Arbuthnot Banking Group (LON:ARBB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported GBX 42.50 earnings per share (EPS) for the quarter. Arbuthnot Banking Group had a return on equity of 12.11% and a net margin of 12.76%. Equities 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.

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