Arbuthnot Banking Group (LON:ARBB) Sets New 1-Year High - What's Next?

Key Points

• The shares of Arbuthnot Banking Group reached a new 52-week high, trading at GBX 1,040 ($13.97) during mid-day on Monday.
• Wall Street analysts, including Shore Capital, maintain a "house stock" rating for Arbuthnot Banking Group, predicting a strong earnings per share growth for the current fiscal year.
• Arbuthnot Banking Group reported earnings of GBX 42.50 ($0.57) per share, with a return on equity of 12.11% and a net margin of 12.76% in their latest financial results.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,040 ($13.97) and last traded at GBX 1,000 ($13.44), with a volume of 35428 shares. The stock had previously closed at GBX 935.80 ($12.57).

Wall Street Analysts Forecast Growth

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

Arbuthnot Banking Group Trading Up 6.9%

The stock has a market capitalization of £161.86 million, a P/E ratio of 5.29, a P/E/G ratio of 0.38 and a beta of 1.00. The business has a 50-day moving average price of GBX 953.71 and a 200 day moving average price of GBX 922.26.

Arbuthnot Banking Group (LON:ARBB - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported GBX 42.50 ($0.57) EPS for the quarter. Arbuthnot Banking Group had a return on equity of 12.11% and a net margin of 12.76%. On average, sell-side analysts predict 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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