ARM Holdings plc Receives Buy Rating from Jefferies Group (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 1,140 ($19.15) price objective on the stock. Jefferies Group’s price target would suggest a potential upside of 15.98% from the stock’s previous close.
A number of other firms have also recently commented on ARM. Analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Tuesday, April 15th. They now have a GBX 680 ($11.42) 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 Monday, April 14th. They now have a GBX 1,200 ($20.15) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of ARM Holdings plc in a research note on Friday, April 11th. They now have a GBX 975 ($16.38) price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty have issued a buy rating to the company’s stock. ARM Holdings plc has an average rating of “Hold” and an average target price of GBX 836.23 ($14.04).
ARM Holdings plc (LON:ARM) traded up 0.66% on Tuesday, hitting GBX 982.90. The stock had a trading volume of 3,752,997 shares. 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 985.6 and a 200-day moving average of GBX 988.6. The company’s market cap is £13.848 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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