Arrow Global Group PLC (ARW) Receives GBX 464.17 Average Price Target from Brokerages
Arrow Global Group PLC (LON:ARW) has been given a consensus rating of “Buy” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 464.17 ($6.25).
Several analysts recently weighed in on ARW shares. Shore Capital reiterated a “buy” rating on shares of Arrow Global Group in a report on Thursday, August 31st. Peel Hunt cut shares of Arrow Global Group to an “add” rating and set a GBX 450 ($6.06) price target on the stock. in a report on Thursday, August 31st. Numis Securities reiterated a “buy” rating and issued a GBX 528 ($7.11) price target on shares of Arrow Global Group in a report on Thursday, August 31st. Finally, J P Morgan Chase & Co lifted their price target on shares of Arrow Global Group from GBX 450 ($6.06) to GBX 500 ($6.73) and gave the company an “overweight” rating in a report on Friday, September 1st.
Arrow Global Group (ARW) traded up GBX 2 ($0.03) during trading hours on Monday, reaching GBX 400 ($5.38). 131,661 shares of the company traded hands, compared to its average volume of 294,017. The company has a market capitalization of $702.82 and a PE ratio of 2,500.00. Arrow Global Group has a twelve month low of GBX 286 ($3.85) and a twelve month high of GBX 480 ($6.46).
In other Arrow Global Group news, insider Paul Cooper bought 64,697 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average price of GBX 385 ($5.18) per share, for a total transaction of £249,083.45 ($335,240.17). Also, insider Lee Rochford bought 24,810 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of GBX 400 ($5.38) per share, for a total transaction of £99,240 ($133,566.62). In the last 90 days, insiders have bought 96,122 shares of company stock worth $37,374,867.
Arrow Global Group Company Profile
Arrow Global Group Plc is a United Kingdom-based company engaged in purchase, collection and servicing of non-performing loans. The Company identifies, acquires and manages secured and unsecured defaulted loan portfolios from financial institutions, such as banks and credit card companies, as well as retail chains, student loans, motor credit, telecommunication firms and utility companies.
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