Peel Hunt Lowers Arrow Global Group (LON:ARW) to Reduce
Peel Hunt downgraded shares of Arrow Global Group (LON:ARW) to a reduce rating in a research report released on Friday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts also recently issued reports on the stock. Goldman Sachs Group dropped their price objective on shares of Arrow Global Group from GBX 300 ($3.92) to GBX 220 ($2.87) and set a neutral rating on the stock in a report on Tuesday, March 12th. Numis Securities reissued a buy rating on shares of Arrow Global Group in a report on Wednesday, May 1st. Shore Capital reissued a buy rating on shares of Arrow Global Group in a report on Thursday, February 28th. Berenberg Bank dropped their price objective on shares of Arrow Global Group from GBX 280 ($3.66) to GBX 160 ($2.09) and set a sell rating on the stock in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Arrow Global Group from GBX 460 ($6.01) to GBX 380 ($4.97) and set an overweight rating on the stock in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 312.33 ($4.08).
ARW opened at GBX 235.40 ($3.08) on Friday. The company has a debt-to-equity ratio of 578.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $416.32 million and a P/E ratio of 8.98. The business has a 50 day simple moving average of GBX 215. Arrow Global Group has a 12-month low of GBX 166.20 ($2.17) and a 12-month high of GBX 270.50 ($3.53).
Arrow Global Group Company Profile
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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