Numis Securities Ltd Upgrades Arrow Global Group PLC (ARW) to Buy
Arrow Global Group PLC (LON:ARW) was upgraded by investment analysts at Numis Securities Ltd to a “buy” rating in a report issued on Monday. The firm currently has a GBX 405 ($5.01) price target on the stock. Numis Securities Ltd’s target price indicates a potential upside of 35.79% from the company’s current price.
Other analysts have also recently issued reports about the stock. Jefferies Group decreased their price objective on shares of Arrow Global Group PLC from GBX 340 ($4.21) to GBX 290 ($3.59) and set a “buy” rating on the stock in a research note on Wednesday, July 13th. JPMorgan Chase & Co. reduced their target price on shares of Arrow Global Group PLC from GBX 320 ($3.96) to GBX 300 ($3.71) and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Peel Hunt began coverage on shares of Arrow Global Group PLC in a research report on Wednesday, October 12th. They set a “buy” rating and a GBX 340 ($4.21) target price on the stock. Macquarie upped 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, October 12th. Finally, Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a research report on Wednesday, August 31st. Seven equities research analysts have rated the stock with a buy rating, Arrow Global Group PLC presently has an average rating of “Buy” and a consensus price target of GBX 351.50 ($4.35).
Arrow Global Group PLC (LON:ARW) opened at 290.7501 on Monday. The firm’s 50-day moving average is GBX 278.35 and its 200 day moving average is GBX 251.15. The stock’s market capitalization is GBX 506.04 million. Arrow Global Group PLC has a 52-week low of GBX 168.66 and a 52-week high of GBX 316.50.
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 http://www.americanbankingnews.com/2016/10/17/numis-securities-ltd-upgrades-arrow-global-group-plc-arw-to-buy.html
The firm also recently disclosed a dividend, which was paid on Thursday, October 13th. Investors of record on Thursday, September 15th were issued a GBX 2.70 ($0.03) dividend. The ex-dividend date was Thursday, September 15th. This represents a yield of 1.05%.
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.