Macquarie Reiterates Outperform Rating for Arrow Global Group PLC (LON:ARW)
Arrow Global Group PLC (LON:ARW)‘s stock had its “outperform” rating reaffirmed by analysts at Macquarie in a note issued to investors on Monday. They currently have a GBX 360 ($4.66) price objective on the stock. Macquarie’s target price suggests a potential downside of 11.93% from the company’s current price.
Several other analysts have also issued reports on the company. Goldman Sachs Group, Inc. (The) lowered Arrow Global Group PLC to a “neutral” rating and boosted their target price for the company from GBX 425 ($5.51) to GBX 435 ($5.63) in a research note on Tuesday, May 23rd. J P Morgan Chase & Co boosted their target price on Arrow Global Group PLC from GBX 410 ($5.31) to GBX 450 ($5.83) and gave the company an “overweight” rating in a research note on Friday, May 12th. Numis Securities Ltd restated a “buy” rating and issued a GBX 415 ($5.38) target price on shares of Arrow Global Group PLC in a research note on Thursday, May 11th. Shore Capital restated a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday, May 11th. Finally, Jefferies Group LLC boosted their target price on Arrow Global Group PLC from GBX 384 ($4.97) to GBX 458 ($5.93) and gave the company a “buy” rating in a research note on Monday, April 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 419.67 ($5.44).
Shares of Arrow Global Group PLC (LON ARW) traded down 0.56% during trading on Monday, hitting GBX 403.00. The company had a trading volume of 70,951 shares. The stock’s market capitalization is GBX 702.72 million. The stock has a 50-day moving average of GBX 397.67 and a 200 day moving average of GBX 342.13. Arrow Global Group PLC has a 12-month low of GBX 168.66 and a 12-month high of GBX 415.25.
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In other Arrow Global Group PLC news, insider Stewart Hamilton sold 33,416 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of GBX 385 ($4.99), for a total value of £128,651.60 ($166,647.15). Over the last 90 days, insiders acquired 115 shares of company stock worth $45,052.
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.
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