Arrow Global Group PLC (ARW) Rating Lowered to Neutral at Goldman Sachs Group Inc
Arrow Global Group PLC (LON:ARW) was downgraded by equities research analysts at Goldman Sachs Group Inc to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a GBX 435 ($5.66) price objective on the stock, up from their prior price objective of GBX 425 ($5.53). Goldman Sachs Group Inc’s price target points to a potential upside of 10.69% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 384 ($5.00) price objective on shares of Arrow Global Group PLC in a research note on Wednesday, March 22nd. JPMorgan Chase & Co. lifted their price objective on Arrow Global Group PLC from GBX 385 ($5.01) to GBX 410 ($5.33) and gave the stock an “overweight” rating in a research note on Friday, March 24th. Peel Hunt lifted their price objective on Arrow Global Group PLC from GBX 340 ($4.42) to GBX 400 ($5.20) and gave the stock a “buy” rating in a research note on Thursday, March 23rd. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday, May 11th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 415 ($5.40) price objective on shares of Arrow Global Group PLC in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 419.67 ($5.46).
Shares of Arrow Global Group PLC (LON:ARW) opened at 393.00 on Tuesday. The stock’s market capitalization is GBX 685.28 million. Arrow Global Group PLC has a one year low of GBX 168.66 and a one year high of GBX 415.25. The stock’s 50 day moving average price is GBX 375.11 and its 200 day moving average price is GBX 324.60.
The firm also recently announced a dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 8th will be issued a dividend of GBX 6.40 ($0.08) per share. The ex-dividend date is Thursday, June 8th. This is a positive change from Arrow Global Group PLC’s previous dividend of $2.70. This represents a yield of 1.97%.
ILLEGAL ACTIVITY NOTICE: This report was reported by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/05/28/arrow-global-group-plc-arw-rating-lowered-to-neutral-at-goldman-sachs-group-inc.html.
In other Arrow Global Group PLC news, insider Stewart Hamilton sold 33,416 shares of Arrow Global Group PLC stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of GBX 385 ($5.01), for a total transaction of £128,651.60 ($167,362.56). Also, insider Robert Memmott sold 135,086 shares of Arrow Global Group PLC stock in a transaction dated Monday, March 13th. The stock was sold at an average price of GBX 324 ($4.21), for a total value of £437,678.64 ($569,375.10).
About Arrow Global Group PLC
Arrow Global Group Plc is a United Kingdom-based company engaged in purchase, collection and servicing of non-performing loans. The Company identifies, acquires and manages secured and unsecured defaulted loan portfolios from financial institutions, such as banks and credit card companies, as well as retail chains, student loans, motor credit, telecommunication firms and utility companies.
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.