Arrow Global Group PLC (ARW) Rating Reiterated by Numis Securities Ltd
Arrow Global Group PLC (LON:ARW)‘s stock had its “add” rating restated by equities researchers at Numis Securities Ltd in a report released on Tuesday. They presently have a GBX 290 ($3.79) target price on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 2.11% from the company’s previous close.
Several other equities analysts have also recently commented on the company. Jefferies Group boosted 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 research report on Wednesday, September 14th. JPMorgan Chase & Co. boosted 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 research report on Thursday, September 1st. Macquarie restated an “outperform” rating and set a GBX 325 ($4.24) target price on shares of Arrow Global Group PLC in a research report on Thursday, September 1st. Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 340 ($4.44) price objective on shares of Arrow Global Group PLC in a report on Wednesday, June 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Arrow Global Group PLC currently has a consensus rating of “Buy” and an average price target of GBX 330.67 ($4.32).
Shares of Arrow Global Group PLC (LON:ARW) opened at 294.00 on Tuesday. The company’s market capitalization is GBX 511.70 million. The firm has a 50-day moving average price of GBX 248.77 and a 200-day moving average price of GBX 246.82. Arrow Global Group PLC has a one year low of GBX 168.66 and a one year high of GBX 316.50.
The business also recently announced a dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be issued a dividend of GBX 2.70 ($0.04) per share. This represents a yield of 1.05%. The ex-dividend date is Thursday, September 15th.
In related news, insider Drury,Tom bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The stock was bought at an average cost 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).
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