Arbuthnot Banking Group (LON:ARBB) Sets New 52-Week High - Here's What Happened

Key Points

• Arbuthnot Banking Group shares reached a new 52-week high of GBX 775 ($10.44) before closing at GBX 930 ($12.53), despite a recent drop of 4.1% in stock price.
• Analysts from Shore Capital have maintained a "house stock" rating for Arbuthnot Banking Group, indicating continued confidence in the company's prospects.
• The company reported earnings per share of GBX 42.50 for its recent quarter, with analysts projecting an annual EPS of approximately 169.25 for the current year.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 775 ($10.47) and last traded at GBX 930 ($12.57), with a volume of 4333 shares trading hands. The stock had previously closed at GBX 970 ($13.11).

Wall Street Analyst Weigh In

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

Arbuthnot Banking Group Stock Performance

The company has a market cap of £160.75 million, a price-to-earnings ratio of 983.03, a P/E/G ratio of 0.38 and a beta of 1.00. The company has a fifty day moving average of GBX 1,017.07 and a two-hundred day moving average of GBX 959.55.

Arbuthnot Banking Group (LON:ARBB - Get Free Report) last released its quarterly earnings data 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 analysts expect that Arbuthnot Banking Group PLC will post 169.2518248 EPS 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.