ARM Holdings Rating Reiterated by Investec (ARM)
ARM Holdings (LON:ARM)‘s stock had its “buy” rating restated by equities research analysts at Investec in a research note issued to investors on Friday, AnalystRatingsNetwork reports. They currently have a GBX 1,100 ($18.12) price objective on the stock. Investec’s price objective points to a potential upside of 16.28% from the company’s current price.
ARM has been the subject of a number of other recent research reports. Analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings in a research note to investors on Wednesday. They now have a GBX 680 ($11.20) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Monday. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 960 ($15.82) price target on the stock. Six analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company. ARM Holdings currently has a consensus rating of “Hold” and an average price target of GBX 796.82 ($13.13).
ARM Holdings (LON:ARM) opened at 932.50 on Friday. ARM Holdings has a 52 week low of GBX 752.00 and a 52 week high of GBX 1112.00. The stock’s 50-day moving average is GBX 1025. and its 200-day moving average is GBX 966.2. The company’s market cap is £13.041 billion.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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