Arbuthnot Banking Group (LON:ARBB) Sets New 12-Month High - Still a Buy?

Key Points

• Arbuthnot Banking Group's share price reached a new 52-week high at GBX 940 ($12.60), despite closing at GBX 980 ($13.14) the previous day.
• The company reported a quarterly earnings per share of GBX 42.50 with a net margin of 12.76% and a return on equity of 12.11%.
• Shore Capital has reaffirmed a "house stock" rating for Arbuthnot Banking Group in a recent report, indicating continued confidence in the stock.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 775 ($10.39) and last traded at GBX 940 ($12.60), with a volume of 3746 shares changing hands. The stock had previously closed at GBX 980 ($13.14).

Analyst Upgrades and Downgrades

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

Arbuthnot Banking Group Trading Down 4.1%

The stock's 50 day moving average price is GBX 1,016.74 and its two-hundred day moving average price is GBX 962.23. The firm has a market capitalization of £153.41 million, a PE ratio of 938.12, a PEG ratio of 0.38 and a beta of 1.00.

Arbuthnot Banking Group (LON:ARBB - Get Free Report) last issued its quarterly earnings data 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%. Analysts expect that Arbuthnot Banking Group PLC will post 169.2518248 earnings per share for the current 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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