Arrow Global Group PLC (ARW) Raised to “Buy” at Numis Securities Ltd
Arrow Global Group PLC (LON:ARW) was upgraded by investment analysts at Numis Securities Ltd to a “buy” rating in a research note issued on Monday. The firm currently has a GBX 405 ($5.01) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 35.79% from the stock’s current price.
A number of other research analysts have also recently commented on ARW. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Arrow Global Group PLC in a research report on Wednesday, September 21st. Peel Hunt initiated coverage on shares of Arrow Global Group PLC in a report on Wednesday, September 21st. They issued a “buy” rating and a GBX 340 ($4.21) price target on the stock. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group PLC in a report on Thursday, September 29th. Macquarie reissued an “outperform” rating and set a GBX 325 ($4.02) target price on shares of Arrow Global Group PLC in a report on Thursday, September 1st. Finally, Jefferies Group increased their target price on shares of 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. Seven investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of GBX 351.50 ($4.35).
Arrow Global Group PLC (LON:ARW) opened at 291.50 on Monday. The company has a 50 day moving average of GBX 278.35 and a 200-day moving average of GBX 251.15. 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 capitalization is GBX 507.34 million.
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The company also recently disclosed a dividend, which was paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th were paid a dividend of GBX 2.70 ($0.03) per share. This represents a yield of 1.05%. The ex-dividend date of this dividend was 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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