ARM Holdings plc Rating Reiterated by Societe Generale (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “sell” rating restated by equities researchers at Societe Generale in a research report issued on Wednesday. They currently have a GBX 680 ($11.40) price objective on the stock. Societe Generale’s target price indicates a potential downside of 25.56% from the company’s current price.
ARM has been the subject of a number of other recent research reports. Analysts at Kepler Capital Markets reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 1,040 ($17.44) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of ARM Holdings plc from GBX 880 ($14.75) to GBX 920 ($15.42) in a research note on Tuesday, May 27th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Wednesday, May 21st. They now have a GBX 1,200 ($20.12) price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 835.57 ($14.01).
ARM Holdings plc (LON:ARM) opened at 913.50 on Wednesday. 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 910.2 and a 200-day moving average of GBX 972.1. The company’s market cap is £12.871 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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