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

Key Points

• Arbuthnot Banking Group shares reached a new 52-week high, trading at GBX 900 ($12.01) after initially hitting GBX 775 ($10.34).
• The company reported a quarterly earnings per share (EPS) of GBX 42.50, with analysts projecting an EPS of 169.25 for the current year.
• Despite a market capitalization of £146.88 million, Arbuthnot's price-to-earnings ratio stands at an extremely high 898.20.

Shares of 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 ($10.34) and last traded at GBX 900 ($12.01), with a volume of 6399 shares. The stock had previously closed at GBX 918 ($12.25).

Wall Street Analysts Forecast Growth

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 Trading Down 2.0%

The company has a market capitalization of £146.88 million, a price-to-earnings ratio of 898.20, a PEG ratio of 0.38 and a beta of 1.00. The company's 50 day simple moving average is GBX 1,005.27 and its 200-day simple moving average is GBX 963.32.

Arbuthnot Banking Group (LON:ARBB - Get Free Report) last posted 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 net margin of 12.76% and a return on equity of 12.11%. Sell-side analysts anticipate that Arbuthnot Banking Group PLC will post 169.2518248 EPS 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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