Arrow Global Group PLC (ARW) Research Coverage Started at Peel Hunt
Analysts at Peel Hunt initiated coverage on shares of Arrow Global Group PLC (LON:ARW) in a note issued to investors on Wednesday. The firm set a “buy” rating and a GBX 340 ($4.44) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 23.64% from the company’s current price.
Several other brokerages also recently commented on ARW. Jefferies Group raised their price objective on shares of Arrow Global Group PLC from GBX 290 ($3.79) to GBX 359 ($4.69) and gave the company a “buy” rating in a research report on Wednesday, September 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Arrow Global Group PLC in a research note on Wednesday. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 290 ($3.79) target price on shares of Arrow Global Group PLC in a research note on Tuesday. Macquarie reaffirmed 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. Finally, Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group PLC in a research note on Wednesday, August 31st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 330.67 ($4.32).
Arrow Global Group PLC (LON:ARW) opened at 275.00 on Wednesday. The stock’s 50 day moving average is GBX 246.63 and its 200 day moving average is GBX 246.51. The company’s market capitalization is GBX 478.63 million. 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 firm also recently disclosed a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be paid a GBX 2.70 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 1.05%.
In other Arrow Global Group PLC news, insider Drury,Tom acquired 50,000 shares of the company’s stock in a transaction on Wednesday, June 29th. The stock was acquired at an average cost of GBX 197 ($2.57) per share, with a total value of £98,500 ($128,573.29).
Arrow Global Group PLC Company Profile
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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