Arrow Global Group PLC (LON:ARW) Receives GBX 226 Consensus Price Target from Brokerages
Shares of Arrow Global Group PLC (LON:ARW) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 226 ($2.95).
ARW has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Arrow Global Group in a report on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on shares of Arrow Global Group from GBX 380 ($4.97) to GBX 340 ($4.44) and set an “overweight” rating on the stock in a report on Tuesday, August 13th. Berenberg Bank restated a “sell” rating and set a GBX 160 ($2.09) target price on shares of Arrow Global Group in a report on Wednesday, November 13th. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group in a research report on Tuesday, November 12th. Finally, Goldman Sachs Group cut their price target on shares of Arrow Global Group from GBX 240 ($3.14) to GBX 230 ($3.01) and set a “neutral” rating for the company in a research note on Thursday, November 14th.
LON:ARW opened at GBX 206.40 ($2.70) on Friday. Arrow Global Group has a twelve month low of GBX 166.20 ($2.17) and a twelve month high of GBX 284.58 ($3.72). The firm has a market capitalization of $371.40 million and a price-to-earnings ratio of 9.34. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 610.72. The stock’s 50 day moving average price is GBX 221.27 and its two-hundred day moving average price is GBX 223.44.
Arrow Global Group PLC identifies, acquires, and manages secured and unsecured defaulted and non-core loan portfolios and real estate from and on behalf of financial institutions, such as banks, institutional investors, and credit card companies in the United Kingdom and internationally. The company also engages in the debt purchase, and asset management servicing business.
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