Arbuthnot Banking Group (LON:ARBB) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Arbuthnot Banking Group PLC (LON:ARBB) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 905.98 ($11.34) and traded as high as GBX 925 ($11.58). Arbuthnot Banking Group shares last traded at GBX 925 ($11.58), with a volume of 3 shares traded.

Wall Street Analysts Forecast Growth

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

Arbuthnot Banking Group Price Performance

The stock’s fifty day moving average is GBX 905.42 and its 200-day moving average is GBX 937.45. The stock has a market capitalization of £143.15 million, a PE ratio of 470.32, a P/E/G ratio of 0.38 and a beta of 1.00.

Insider Activity at Arbuthnot Banking Group

In other news, insider Henry Angest purchased 116,000 shares of the stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of GBX 900 ($11.26) per share, with a total value of £1,044,000 ($1,306,469.78). 64.32% of the stock is currently owned by corporate insiders.

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.