ARM Holdings plc Price Target Cut to GBX 950 (ARM)
Research analysts at Deutsche Bank cut their price objective on shares of ARM Holdings plc (LON:ARM) from GBX 975 ($16.66) to GBX 950 ($16.23) in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 10.21% from the company’s current price.
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 Wednesday. They now have a GBX 1,200 ($20.51) 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 Tuesday. They now have a GBX 1,125 ($19.22) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Tuesday. They now have a GBX 1,100 ($18.80) price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 824.14 ($14.08).
Shares of ARM Holdings plc (LON:ARM) traded down 0.46% on Wednesday, hitting GBX 862.00. The stock had a trading volume of 2,937,996 shares. ARM Holdings plc has a 52 week low of GBX 811.00 and a 52 week high of GBX 1112.00. The stock has a 50-day moving average of GBX 880.7 and a 200-day moving average of GBX 934.9. The company’s market cap is £12.142 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, September 3rd will be paid a dividend of GBX 2.52 ($0.04) per share. This represents a dividend yield of 0.29%. The ex-dividend date is Wednesday, September 3rd.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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