ARM Holdings’s “Reduce” Rating Reaffirmed at Numis Securities Ltd (ARM)
ARM Holdings (LON:ARM)‘s stock had its “reduce” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Tuesday, Analyst Ratings Net reports. They currently have a GBX 800 ($13.15) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 8.57% from the company’s current price.
A number of other analysts have also recently weighed in on ARM. Analysts at FinnCap reiterated a “hold” rating on shares of ARM Holdings in a research note to investors on Tuesday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 1,080 ($17.75) price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 1,200 ($19.72) price target on the stock. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 798.61 ($13.12).
Shares of ARM Holdings (LON:ARM) traded down 5.91% on Tuesday, hitting GBX 875.00. The stock had a trading volume of 19,997,882 shares. 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 1023. and its 200-day moving average is GBX 966.9. The company’s market cap is £12.237 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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