Arbuthnot Banking Group (LON:ARBB) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Arbuthnot Banking Group PLC (LON:ARBB) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 935.95 ($11.52) and traded as low as GBX 900 ($11.07). Arbuthnot Banking Group shares last traded at GBX 900 ($11.07), with a volume of 322 shares trading hands.

Wall Street Analysts Forecast Growth

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

Arbuthnot Banking Group Trading Up 0.3 %

The stock’s 50-day moving average price is GBX 903.77 and its 200-day moving average price is GBX 935.09. The stock has a market cap of £145.39 million, a price-to-earnings ratio of 477.66, a P/E/G ratio of 0.38 and a beta of 1.00.

Insider Activity at Arbuthnot Banking Group

In related news, insider Henry Angest acquired 116,000 shares of Arbuthnot Banking Group stock in a transaction dated Monday, November 25th. The stock was bought at an average price of GBX 900 ($11.07) per share, with a total value of £1,044,000 ($1,284,606.87). 64.32% of the stock is owned by company 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.