Arrow Global Group PLC (ARW) Rating Reiterated by Numis Securities Ltd
Arrow Global Group PLC (LON:ARW)‘s stock had its “add” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Tuesday. They currently have a GBX 290 ($3.79) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 2.11% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. Macquarie reissued an “outperform” rating and set a GBX 325 ($4.24) price target on shares of Arrow Global Group PLC in a report on Thursday, September 1st. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group PLC in a report on Wednesday, August 31st. JPMorgan Chase & Co. lifted their target price on Arrow Global Group PLC from GBX 300 ($3.92) to GBX 330 ($4.31) and gave the stock an “overweight” rating in a report on Thursday, September 1st. Jefferies Group lifted their target price on Arrow Global Group PLC from GBX 290 ($3.79) to GBX 359 ($4.69) and gave the stock a “buy” rating in a report on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 340 ($4.44) target price on shares of Arrow Global Group PLC in a report on Wednesday, June 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Arrow Global Group PLC presently has a consensus rating of “Buy” and a consensus price target of GBX 330.67 ($4.32).
Arrow Global Group PLC (LON:ARW) opened at 294.00 on Tuesday. Arrow Global Group PLC has a 52-week low of GBX 168.66 and a 52-week high of GBX 316.50. The firm’s 50-day moving average price is GBX 248.77 and its 200-day moving average price is GBX 246.82. The company’s market cap is GBX 511.70 million.
The business also recently declared a dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be given a GBX 2.70 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a yield of 1.05%.
In related news, insider Drury,Tom purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The stock was bought at an average price of GBX 197 ($2.57) per share, for a total transaction of £98,500 ($128,573.29).
Arrow Global Group PLC Company Profile
Arrow Global Group PLC is a United Kingdom-based purchaser and manager of debt that uses data and analytics to acquire and manage debt portfolios from financial institutions and other credit providers. The Company is a provider of receivable management solutions. The Company is engaged in the purchase and collection of non-performing loans (NPLs).
Receive News & Ratings for Arrow Global Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Global Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.