ARM Holdings plc Receives Neutral Rating from BNP Paribas (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “neutral” rating restated by BNP Paribas in a research note issued on Tuesday, Analyst Ratings Net reports. They currently have a GBX 916 ($15.23) price objective on the stock. BNP Paribas’ price objective points to a potential downside of 7.38% from the stock’s previous close.
ARM Holdings plc (LON:ARM) opened at 975.20 on Tuesday. ARM Holdings plc has a one year low of GBX 752.00 and a one year high of GBX 1112.00. The stock has a 50-day moving average of GBX 969. and a 200-day moving average of GBX 970.0. The company’s market cap is £13.652 billion.
The company also recently declared a dividend, which is scheduled for Friday, May 16th. Shareholders of record on Wednesday, April 16th will be given a dividend of GBX 3.60 ($0.06) per share. This represents a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, April 16th.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of ARM Holdings plc in a research note on Tuesday. They now have a GBX 1,125 ($18.71) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Friday. They now have a GBX 1,050 ($17.46) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Wednesday, February 12th. They now have a GBX 1,050 ($17.46) price target on the stock. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the stock. ARM Holdings plc currently has an average rating of “Hold” and an average price target of GBX 801.79 ($13.33).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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