ARM Holdings plc Receives Consensus Recommendation of “Buy” from Brokerages (LON:ARM)
Shares of ARM Holdings plc (LON:ARM) have been given an average rating of “Buy” by the thirty-three ratings firms that are covering the stock, AnalystRatings.Net reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 824.14 ($13.99).
Shares of ARM Holdings plc (LON:ARM) opened at 847.9999 on Wednesday. ARM Holdings plc has a one year low of GBX 811.00 and a one year high of GBX 1112.00. The stock has a 50-day moving average of GBX 873.1 and a 200-day moving average of GBX 928.5. The company’s market cap is £11.945 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.
A number of analysts have recently weighed in on ARM shares. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Friday. They now have a GBX 1,150 ($19.53) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of ARM Holdings plc in a research note on Friday, July 25th. They now have a GBX 750 ($12.74) price target on the stock.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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