Jefferies Group Reiterates Buy Rating for ARM Holdings plc (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Tuesday. They currently have a GBX 1,140 ($18.92) target price on the stock. Jefferies Group’s price objective would indicate a potential upside of 15.62% from the company’s current price.
ARM Holdings plc (LON:ARM) traded up 1.02% during mid-day trading on Tuesday, hitting GBX 985.9999. The stock had a trading volume of 6,120,957 shares. ARM Holdings plc has a 52 week low of GBX 810.9999 and a 52 week high of GBX 1112.00. The stock has a 50-day moving average of GBX 892.6 and a 200-day moving average of GBX 923.4. The company’s market cap is £13.889 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders 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 of this dividend is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Monday. They now have a GBX 1,150 ($19.08) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Friday. They now have a GBX 725 ($12.03) price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of ARM Holdings plc in a research note on Friday, August 22nd. They now have a GBX 900 ($14.94) price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned 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 price target of GBX 824.14 ($13.68).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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