JPMorgan Chase & Co. Reaffirms Overweight Rating for Arrow Global Group PLC (ARW)
Arrow Global Group PLC (LON:ARW)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research note issued on Wednesday.
Several other research firms also recently commented on ARW. Jefferies Group raised 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 report on Wednesday, September 14th. Numis Securities Ltd restated an “add” rating and set a GBX 290 ($3.79) target price on shares of Arrow Global Group PLC in a research report on Tuesday. Macquarie restated an “outperform” rating and set a GBX 325 ($4.24) target price on shares of Arrow Global Group PLC in a research report on Thursday, September 1st. Shore Capital restated a “buy” rating on shares of Arrow Global Group PLC in a research report on Wednesday, August 31st. Finally, 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 report on Wednesday, June 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Arrow Global Group PLC presently has an average rating of “Buy” and a consensus target price of GBX 330.67 ($4.32).
Shares of Arrow Global Group PLC (LON:ARW) opened at 275.00 on Wednesday. Arrow Global Group PLC has a one year low of GBX 168.66 and a one year high of GBX 290.00. The stock’s market capitalization is GBX 478.63 million. The stock’s 50 day moving average price is GBX 246.63 and its 200 day moving average price is GBX 246.51.
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The company also recently announced a dividend, which will be paid on Thursday, October 13th. Stockholders 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 news, insider Drury,Tom bought 50,000 shares of the stock in a transaction dated Wednesday, June 29th. The stock was bought 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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