ARM Holdings plc Stock Rating Reaffirmed by BMO Capital Markets (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “market perform” rating reissued by equities researchers at BMO Capital Markets in a research report issued on Friday. They currently have a GBX 900 ($15.05) target price on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 4.36% from the stock’s previous close.
A number of other analysts have also recently weighed in on ARM. Analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Thursday. They now have a GBX 725 ($12.12) 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, August 15th. They now have a GBX 750 ($12.54) price target on the stock. Finally, analysts at Galvan Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Thursday, August 7th. Three 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 company has a consensus rating of “Buy” and a consensus target price of GBX 824.14 ($13.78).
Shares of ARM Holdings plc (LON:ARM) opened at 944.50 on Friday. ARM Holdings plc has a 52 week low of GBX 810.9999 and a 52 week high of GBX 1112.00. The stock’s 50-day moving average is GBX 875.1 and its 200-day moving average is GBX 920.. The company’s market cap is £13.304 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be given a dividend of GBX 2.52 ($0.04) per share. This represents a 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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