Numis Securities Ltd Reiterates “Buy” Rating for Arrow Global Group PLC (ARW)
Arrow Global Group PLC (LON:ARW)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Thursday. They presently have a GBX 528 ($6.83) price target on the stock. Numis Securities Ltd’s target price indicates a potential upside of 20.62% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Peel Hunt lowered Arrow Global Group PLC to an “add” rating and set a GBX 450 ($5.82) price objective for the company. in a research note on Thursday. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday. Macquarie reaffirmed an “outperform” rating and issued a GBX 360 ($4.66) price objective on shares of Arrow Global Group PLC in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) lowered Arrow Global Group PLC to a “neutral” rating and raised their price objective for the company from GBX 425 ($5.50) to GBX 435 ($5.63) in a research note on Tuesday, May 23rd. Finally, J P Morgan Chase & Co raised their price objective on Arrow Global Group PLC from GBX 410 ($5.30) to GBX 450 ($5.82) and gave the company an “overweight” rating in a research note on Friday, May 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 446.83 ($5.78).
Arrow Global Group PLC (ARW) opened at 460.00 on Thursday. Arrow Global Group PLC has a 1-year low of GBX 239.68 and a 1-year high of GBX 480.00. The firm’s market cap is GBX 802.11 million. The stock has a 50 day moving average price of GBX 442.71 and a 200 day moving average price of GBX 381.56.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/numis-securities-ltd-reiterates-buy-rating-for-arrow-global-group-plc-arw/1533099.html.
Arrow Global Group PLC 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.
Receive News & Ratings for Arrow Global Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Global Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.