Peel Hunt Upgrades Arrow Global Group PLC (ARW) to Buy
Arrow Global Group PLC (LON:ARW) was upgraded by Peel Hunt to a “buy” rating in a research report issued on Thursday. The brokerage currently has a GBX 495 ($6.67) price objective on the stock, up from their prior price objective of GBX 450 ($6.07). Peel Hunt’s target price points to a potential upside of 17.58% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 528 ($7.12) price target on shares of Arrow Global Group PLC in a research note on Thursday, August 31st. Macquarie reiterated an “outperform” rating and issued a GBX 360 ($4.85) price objective on shares of Arrow Global Group PLC in a report on Monday, July 3rd. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 500 ($6.74) price objective on shares of Arrow Global Group PLC in a report on Tuesday. Finally, Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a report on Thursday, August 31st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 462.67 ($6.24).
Arrow Global Group PLC (LON:ARW) opened at 421.00 on Thursday. The company’s 50-day moving average price is GBX 442.43 and its 200-day moving average price is GBX 396.00. The firm’s market capitalization is GBX 734.86 million. Arrow Global Group PLC has a 12-month low of GBX 263.38 and a 12-month high of GBX 480.00.
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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.
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