Arbuthnot Banking Group (LON:ARBB) Shares Cross Below 50-Day Moving Average of $1,350.34

Arbuthnot Banking Group Plc (LON:ARBB)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1,350.34 and traded as low as $1,385.00. Arbuthnot Banking Group shares last traded at $1,360.00, with a volume of 34 shares trading hands.

Separately, Numis Securities reissued a “buy” rating and set a GBX 1,570 ($20.51) price target (down from GBX 1,772 ($23.15)) on shares of Arbuthnot Banking Group in a research note on Friday, May 10th.

The company’s 50 day moving average price is GBX 1,350.54. The stock has a market capitalization of $198.77 million and a PE ratio of -9.92.

Arbuthnot Banking Group Company Profile (LON:ARBB)

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. The company offers a range of bank accounts, loans, and overdrafts, as well as foreign trade services. It also provides wealth structuring, tax mitigation, estate preservation, and retirement planning services.

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