Arrow Global Group’s (ARW) “Buy” Rating Reaffirmed at Shore Capital
Arrow Global Group (LON:ARW)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a report issued on Thursday.
A number of other analysts also recently weighed in on the stock. Numis Securities reiterated a “buy” rating and issued a GBX 537 ($7.42) price target on shares of Arrow Global Group in a research report on Thursday, February 1st. Peel Hunt reiterated a “buy” rating and issued a GBX 495 ($6.84) price target on shares of Arrow Global Group in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 500 ($6.91) price target on shares of Arrow Global Group in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Arrow Global Group has a consensus rating of “Buy” and an average price target of GBX 464.17 ($6.41).
Arrow Global Group (LON:ARW) opened at GBX 350 ($4.84) on Thursday. Arrow Global Group has a 52-week low of GBX 297.94 ($4.12) and a 52-week high of GBX 480 ($6.63). The stock has a market cap of $613.43 and a PE ratio of 2,187.50.
In other news, insider Paul Cooper purchased 64,697 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of GBX 385 ($5.32) per share, for a total transaction of £249,083.45 ($344,132.98). Insiders purchased a total of 64,812 shares of company stock worth $24,953,351 over the last quarter.
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About Arrow Global Group
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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