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Arbuthnot Banking Group (LON:ARBB) Stock Passes Below 200 Day Moving Average - Here's What Happened

Arbuthnot Banking Group logo with Financial Services background

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 918.50 ($11.64) and traded as low as GBX 916 ($11.61). Arbuthnot Banking Group shares last traded at GBX 964.60 ($12.22), with a volume of 1,833 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of Arbuthnot Banking Group in a research report on Thursday.

Check Out Our Latest Stock Report on Arbuthnot Banking Group

Arbuthnot Banking Group Stock Performance

The company has a market capitalization of £150.44 million, a price-to-earnings ratio of 4.92, a P/E/G ratio of 0.38 and a beta of 1.00. The firm has a 50-day simple moving average of GBX 899.86 and a two-hundred day simple moving average of GBX 917.20.

Insiders Place Their Bets

In other news, insider Henry Angest bought 116,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were bought at an average cost of GBX 900 ($11.40) per share, for a total transaction of £1,044,000 ($1,322,858.59). 64.32% of the stock is currently owned by corporate insiders.

Arbuthnot Banking Group Company Profile

(Get Free Report)

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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