ARM Holdings plc’s Hold Rating Reaffirmed at Deutsche Bank (ARM)
Shares of ARM Holdings plc (LON:ARM) traded down 0.93% on Monday, hitting GBX 902.4999. The stock had a trading volume of 1,628,030 shares. ARM Holdings plc has a 1-year low of GBX 825.50 and a 1-year high of GBX 1112.00. The stock’s 50-day moving average is GBX 896.3 and its 200-day moving average is GBX 955.9. The company’s market cap is £12.716 billion.
A number of other firms have also recently commented on ARM. Analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Tuesday, June 24th. They now have a GBX 1,200 ($20.58) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Monday, June 16th. They now have a GBX 900 ($15.44) price target on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of ARM Holdings plc in a research note on Thursday, June 12th. They now have a GBX 1,120 ($19.21) price target on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 830.41 ($14.24).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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