Arbuthnot Banking Group (LON:ARBB) Hits New 1-Year Low – Here’s What Happened

Arbuthnot Banking Group PLC (LON:ARBB)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 865 ($10.56) and last traded at GBX 898 ($10.96), with a volume of 824 shares changing hands. The stock had previously closed at GBX 895 ($10.93).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Arbuthnot Banking Group in a research note on Thursday, December 19th.

Arbuthnot Banking Group Stock Down 1.7 %

The company has a market capitalization of £142.47 million, a PE ratio of 468.09, a PEG ratio of 0.38 and a beta of 1.00. The firm has a 50-day moving average of GBX 903.77 and a two-hundred day moving average of GBX 935.09.

Insider Buying and Selling

In related news, insider Henry Angest bought 116,000 shares of the stock in a transaction dated Monday, November 25th. The stock was purchased at an average cost of GBX 900 ($10.99) per share, with a total value of £1,044,000 ($1,274,725.27). 64.32% of the stock is owned by corporate insiders.

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.