Arbuthnot Banking Group (LON:ARBB) Reaches New 1-Year High - Time to Buy?

Key Points

• Arbuthnot Banking Group PLC shares reached a new 52-week high of GBX 1,100 ($14.85) on Monday, closing at GBX 1,050 ($14.18).
• The company reported an earnings per share of GBX 42.50 for the last quarter, with a net margin of 12.76% and expected earnings of 169.25 for the current fiscal year.
• Shore Capital has reiterated a "house stock" rating on Arbuthnot's shares, indicating a positive outlook from analysts.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as GBX 1,100 ($14.85) and last traded at GBX 1,050 ($14.18), with a volume of 3448 shares trading hands. The stock had previously closed at GBX 1,062 ($14.34).

Analyst Ratings Changes

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

Arbuthnot Banking Group Stock Performance

The firm has a market cap of £171.36 million, a price-to-earnings ratio of 1,047.90, a price-to-earnings-growth ratio of 0.38 and a beta of 1.00. The company's fifty day moving average is GBX 994.83 and its two-hundred day moving average is GBX 945.83.

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

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