Peel Hunt Begins Coverage on Arrow Global Group PLC (ARW)
Investment analysts at Peel Hunt assumed coverage on shares of Arrow Global Group PLC (LON:ARW) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.
Several other equities research analysts have also recently issued reports on the company. Macquarie lifted their target price on Arrow Global Group PLC from GBX 325 ($4.02) to GBX 335 ($4.15) and gave the stock an “outperform” rating in a report on Wednesday. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group PLC in a report on Thursday, September 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Arrow Global Group PLC in a report on Wednesday, September 21st. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 290 ($3.59) target price on shares of Arrow Global Group PLC in a report on Tuesday, September 20th. Finally, Jefferies Group lifted their target price on Arrow Global Group PLC from GBX 290 ($3.59) to GBX 359 ($4.44) and gave the stock a “buy” rating in a report on Wednesday, September 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Arrow Global Group PLC presently 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. The stock has a 50 day moving average price of GBX 274.04 and a 200 day moving average price of GBX 250.31. The company’s market cap is GBX 498.21 million. Arrow Global Group PLC has a 12 month low of GBX 168.66 and a 12 month high of GBX 316.50.
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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 given a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 1.05%.
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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