Arrow Global Group PLC (ARW) Receives “Add” Rating from Numis Securities Ltd
Arrow Global Group PLC (LON:ARW)‘s stock had its “add” rating restated by stock analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They presently have a GBX 290 ($3.79) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 7.41% from the stock’s current price.
A number of other research analysts have also recently issued reports on the company. Jefferies Group raised their price objective on Arrow Global Group PLC from GBX 290 ($3.79) to GBX 359 ($4.69) and gave the company a “buy” rating in a research note on Wednesday, September 14th. JPMorgan Chase & Co. raised their target price on Arrow Global Group PLC from GBX 300 ($3.92) to GBX 330 ($4.31) and gave the stock an “overweight” rating in a research note on Thursday, September 1st. Macquarie reissued an “outperform” rating and issued a GBX 325 ($4.24) target price on shares of Arrow Global Group PLC in a research note on Thursday, September 1st. Shore Capital reissued a “buy” rating on shares of Arrow Global Group PLC in a research note on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 340 ($4.44) target price on shares of Arrow Global Group PLC in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 328.80 ($4.29).
Shares of Arrow Global Group PLC (LON:ARW) opened at 276.25 on Tuesday. The stock’s market capitalization is GBX 480.80 million. The stock has a 50 day moving average price of GBX 245.72 and a 200 day moving average price of GBX 246.28. Arrow Global Group PLC has a 52 week low of GBX 168.66 and a 52 week high of GBX 290.00.
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The company also recently disclosed a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be given a dividend of GBX 2.70 ($0.04) per share. The ex-dividend date is Thursday, September 15th. This represents a yield of 1.05%.
In other news, insider Drury,Tom acquired 50,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were acquired at an average cost of GBX 197 ($2.57) per share, with a total value 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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