Arrow Global Group (ARW) Trading Up 9.7%
Arrow Global Group PLC (LON:ARW) shares were up 9.7% on Friday . The stock traded as high as GBX 237.50 ($3.09) and last traded at GBX 237 ($3.09). Approximately 1,041,070 shares traded hands during trading, an increase of 25% from the average daily volume of 835,450 shares. The stock had previously closed at GBX 216 ($2.81).
Several research analysts have recently weighed in on ARW shares. Shore Capital reissued a “buy” rating on shares of Arrow Global Group in a research report on Thursday, August 30th. Numis Securities reissued a “buy” rating on shares of Arrow Global Group in a research report on Thursday, August 30th. Finally, Peel Hunt reissued a “buy” rating on shares of Arrow Global Group in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 437 ($5.69).
Arrow Global Group (LON:ARW) last posted its earnings results on Thursday, August 30th. The company reported GBX 16.30 ($0.21) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 15.70 ($0.20) by GBX 0.60 ($0.01). Arrow Global Group had a net margin of 15.00% and a return on equity of 28.85%.
In other news, insider Andrew C. Fisher bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The shares were purchased at an average cost of GBX 247 ($3.22) per share, for a total transaction of £24,700 ($32,174.03). Insiders have acquired 10,117 shares of company stock worth $2,500,009 over the last quarter.
Arrow Global Group Company Profile (LON:ARW)
Arrow Global Group PLC, together with its subsidiaries, identifies, acquires, and manages secured and unsecured defaulted loan portfolios consisting of consumer and SME accounts from financial institutions, such as banks and credit card companies in the United Kingdom and mainland Europe. The company also engages in the debt purchase and asset management business.
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