ARM Holdings plc (LON:ARM) Receives GBX 1,298.96 Consensus Target Price from Brokerages
Shares of ARM Holdings plc (LON:ARM) have been given a consensus recommendation of “Hold” by the twenty-five brokerages that are covering the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,298.96 ($16.96).
A number of analysts have recently commented on ARM shares. Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,050 ($13.71) price target on shares of ARM Holdings plc in a research report on Tuesday, June 14th. Kepler Capital Markets set a GBX 1,230 ($16.06) price objective on shares of ARM Holdings plc and gave the stock a “buy” rating in a report on Wednesday, June 29th. Citigroup Inc. boosted their price objective on shares of ARM Holdings plc from GBX 1,090 ($14.23) to GBX 1,700 ($22.19) and gave the stock a “neutral” rating in a report on Tuesday, July 19th. Berenberg Bank lowered shares of ARM Holdings plc to a “hold” rating and boosted their price objective for the stock from GBX 1,400 ($18.27) to GBX 1,700 ($22.19) in a report on Tuesday, July 26th. Finally, Goldman Sachs Group Inc. set a GBX 1,275 ($16.64) price objective on shares of ARM Holdings plc and gave the stock a “buy” rating in a report on Wednesday, June 29th.
ARM Holdings plc (LON:ARM) opened at 1701.90 on Thursday. ARM Holdings plc has a 12-month low of GBX 831.64 and a 12-month high of GBX 1,752.00. The stock has a 50 day moving average price of GBX 1,684.23 and a 200-day moving average price of GBX 1,173.40.
The firm also recently announced a dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, September 8th will be given a dividend of GBX 3.78 ($0.05) per share. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, September 8th.
ARM Holdings plc Company Profile
ARM Holdings plc (ARM) is a company engaged in designing a range of inter-related intellectual property (IP), including microprocessors, Physical IP, and supporting software and tools. Its product offering includes 16/32/64-bit reduced instruction set computing (RISC) microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products.
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