Arrow Global Group PLC’s (ARW) Add Rating Reiterated at Numis Securities Ltd
Arrow Global Group PLC (LON:ARW)‘s stock had its “add” rating restated by investment analysts at Numis Securities Ltd in a research note issued on Wednesday. They currently have a GBX 290 ($3.59) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 1.31% from the company’s previous close.
Several other research firms also recently commented on ARW. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 340 ($4.21) target price on shares of Arrow Global Group PLC in a research report on Wednesday, June 15th. Shore Capital reissued a “buy” rating on shares of Arrow Global Group PLC in a research report on Wednesday, August 31st. Macquarie boosted their target price on shares of Arrow Global Group PLC from GBX 325 ($4.02) to GBX 335 ($4.15) and gave the stock an “outperform” rating in a research report on Wednesday. Peel Hunt started coverage on shares of Arrow Global Group PLC in a research report on Wednesday. They issued a “buy” rating and a GBX 340 ($4.21) price objective for the company. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Arrow Global Group PLC in a research report on Wednesday, September 21st. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 332.33 ($4.11).
Arrow Global Group PLC (LON:ARW) traded up 0.26% during trading on Wednesday, hitting GBX 287.00. The company had a trading volume of 63,274 shares. The stock has a 50-day moving average of GBX 274.04 and a 200-day moving average of GBX 250.31. Arrow Global Group PLC has a one year low of GBX 168.66 and a one year high of GBX 316.50. The stock’s market capitalization is GBX 499.51 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/arrow-global-group-plcs-arw-add-rating-reaffirmed-at-numis-securities-ltd.html
The business also recently announced a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be given a dividend of GBX 2.70 ($0.03) per share. This represents a dividend yield of 1.05%. The ex-dividend date is Thursday, September 15th.
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).
Receive News & Ratings for Arrow Global Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Global Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.