Arrow Global Group PLC (ARW) Earns Add Rating from Numis Securities Ltd
Arrow Global Group PLC (LON:ARW)‘s stock had its “add” rating reissued by stock analysts at Numis Securities Ltd in a research note issued to investors on Tuesday. They currently have a GBX 290 ($3.79) price target on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 7.41% from the company’s current price.
Several other equities research analysts have also recently weighed in on ARW. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 340 ($4.44) target price on shares of Arrow Global Group PLC in a research note on Wednesday, June 15th. Jefferies Group boosted their target price on Arrow Global Group PLC from GBX 290 ($3.79) to GBX 359 ($4.69) and gave the stock a “buy” rating in a research note on Wednesday, September 14th. JPMorgan Chase & Co. decreased their target price on Arrow Global Group PLC from GBX 320 ($4.18) to GBX 300 ($3.92) and set an “overweight” rating for the company in a research note on Wednesday, June 29th. Shore Capital restated a “buy” rating on shares of Arrow Global Group PLC in a research note on Wednesday, August 31st. Finally, Macquarie restated an “outperform” rating and set a GBX 325 ($4.24) target price on shares of Arrow Global Group PLC in a research note on Thursday, September 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Arrow Global Group PLC presently has an average rating of “Buy” and a consensus price target of GBX 328.80 ($4.29).
Shares of Arrow Global Group PLC (LON:ARW) opened at 276.25 on Tuesday. The company has a 50-day moving average of GBX 245.72 and a 200-day moving average of GBX 246.28. The firm’s market cap is GBX 480.80 million. Arrow Global Group PLC has a 1-year low of GBX 168.66 and a 1-year high of GBX 290.00.
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The business also recently declared a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be paid a dividend of GBX 2.70 ($0.04) per share. This represents a dividend yield of 1.05%. The ex-dividend date is Thursday, September 15th.
In related news, insider Drury,Tom purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, June 29th. The stock was acquired at an average price of GBX 197 ($2.57) per share, for a total transaction of £98,500 ($128,573.29).
About Arrow Global Group PLC
Arrow Global Group PLC is a United Kingdom-based purchaser and manager of debt that uses data and analytics to acquire and manage debt portfolios from financial institutions and other credit providers. The Company is a provider of receivable management solutions. The Company is engaged in the purchase and collection of non-performing loans (NPLs).
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