Societe Generale Reiterates “Sell” Rating for ARM Holdings (ARM)
ARM Holdings (LON:ARM)‘s stock had its “sell” rating restated by analysts at Societe Generale in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 640 ($10.22) price target on the stock. Societe Generale’s price target would suggest a potential downside of 37.13% from the stock’s previous close.
ARM Holdings (LON:ARM) traded up 3.19% during mid-day trading on Tuesday, hitting GBX 1018.00. 2,280,003 shares of the company’s stock traded hands. ARM Holdings has a 52-week low of GBX 573.00 and a 52-week high of GBX 1111.00. The stock’s 50-day moving average is GBX 905.8 and its 200-day moving average is GBX 916.5. The company’s market cap is £14.228 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated a “sell” rating on shares of ARM Holdings in a research note to investors on Thursday, October 10th. They now have a GBX 712 ($11.37) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Tuesday, October 8th. They now have a GBX 920 ($14.69) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Tuesday, October 8th. They now have a GBX 1,080 ($17.24) price target on the stock. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. ARM Holdings currently has a consensus rating of “Hold” and a consensus target price of GBX 871.22 ($13.91).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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