Macquarie Raises Arrow Global Group PLC (ARW) Price Target to GBX 335
Arrow Global Group PLC (LON:ARW) had its price objective increased by equities research analysts at Macquarie from GBX 325 ($4.02) to GBX 335 ($4.15) in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. Macquarie’s target price would suggest a potential upside of 17.03% from the stock’s previous close.
A number of other research firms have also recently commented on ARW. Shore Capital restated a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday, September 29th. Jefferies Group raised their target price on Arrow Global Group PLC from GBX 290 ($3.59) to GBX 359 ($4.44) and gave the company a “buy” rating in a research note on Wednesday, September 14th. Peel Hunt assumed coverage on Arrow Global Group PLC in a research note on Wednesday, September 21st. They issued a “buy” rating and a GBX 340 ($4.21) target price for the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Arrow Global Group PLC in a research note on Wednesday, September 21st. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 290 ($3.59) target price on shares of Arrow Global Group PLC in a research note on Tuesday, September 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Arrow Global Group PLC has a consensus rating of “Buy” and an average price target of GBX 332.33 ($4.11).
Arrow Global Group PLC (LON:ARW) opened at 286.25 on Wednesday. Arrow Global Group PLC has a 52-week low of GBX 168.66 and a 52-week high of GBX 316.50. The stock’s market cap is GBX 498.21 million. The firm has a 50-day moving average price of GBX 274.04 and a 200 day moving average price of GBX 250.31.
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The firm also recently announced a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be issued a GBX 2.70 ($0.03) dividend. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 15th.
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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