Numis Securities Ltd Downgrades Arrow Global Group PLC to Add (ARW)
Arrow Global Group PLC (LON:ARW) was downgraded by equities researchers at Numis Securities Ltd to an “add” rating in a research report issued on Thursday. They currently have a GBX 285 ($4.72) target price on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 15.38% from the company’s current price.
ARW has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday. They now have a GBX 335 ($5.54) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Arrow Global Group PLC in a research note on Monday, June 30th. They now have a GBX 318 ($5.26) price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Arrow Global Group PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 318.75 ($5.27).
Shares of Arrow Global Group PLC (LON:ARW) opened at 238.25 on Thursday. Arrow Global Group PLC has a 52 week low of GBX 206.33 and a 52 week high of GBX 277.75. The stock’s 50-day moving average is GBX 240.3 and its 200-day moving average is GBX 234.5. The company’s market cap is £415.0 million.
Arrow Global Limited is a provider of debt purchases and receivables management solutions. The Company’s portfolio consists of a range of consumer and commercial credit, including credit card, personal loans, utilities, retail, second liens and telecommunications.