Arbuthnot Banking Group (LON:ARBB) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Arbuthnot Banking Group's share price fell below its 200-day moving average, trading as low as GBX 890 ($11.86), raising concerns over whether to sell.
• Shore Capital has reaffirmed its "house stock" rating on Arbuthnot Banking Group, indicating a degree of confidence in the stock despite recent price movements.
• The company's last reported quarterly earnings showed an EPS of GBX 42.50 and a net margin of 12.76%, while analysts anticipate an annual EPS of 169.25.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 962.89 ($12.83) and traded as low as GBX 890 ($11.86). Arbuthnot Banking Group shares last traded at GBX 900 ($11.99), with a volume of 2,207 shares.

Wall Street Analysts Forecast Growth

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

Arbuthnot Banking Group Price Performance

The company has a market cap of £149.33 million, a price-to-earnings ratio of 913.17, a price-to-earnings-growth ratio of 0.38 and a beta of 1.00. The business's fifty day moving average price is GBX 999.89 and its 200 day moving average price is GBX 962.89.

Arbuthnot Banking Group (LON:ARBB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported GBX 42.50 EPS for the quarter. Arbuthnot Banking Group had a net margin of 12.76% and a return on equity of 12.11%. As a group, equities research analysts anticipate that Arbuthnot Banking Group PLC will post 169.2518248 EPS 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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