Arrow Global Group PLC (ARW) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Arrow Global Group PLC (LON:ARW) have been given a consensus rating of “Buy” by the seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 419.67 ($5.48).
Several brokerages have recently issued reports on ARW. Jefferies Group LLC raised their price target on shares of Arrow Global Group PLC from GBX 384 ($5.01) to GBX 458 ($5.98) and gave the stock a “buy” rating in a research note on Monday, April 3rd. Numis Securities Ltd restated a “buy” rating and set a GBX 415 ($5.42) price target 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. Macquarie restated an “outperform” rating and set a GBX 360 ($4.70) price target on shares of Arrow Global Group PLC in a research note on Monday, July 3rd. Finally, Goldman Sachs Group, Inc. (The) raised their price target on shares of Arrow Global Group PLC from GBX 390 ($5.09) to GBX 425 ($5.55) and gave the stock a “buy” rating in a research note on Thursday, April 6th.
Shares of Arrow Global Group PLC (LON ARW) traded up 0.29% during midday trading on Friday, hitting GBX 436.00. The stock had a trading volume of 101,283 shares. Arrow Global Group PLC has a 52 week low of GBX 208.00 and a 52 week high of GBX 439.75. The stock’s 50-day moving average price is GBX 405.42 and its 200 day moving average price is GBX 355.56. The company’s market cap is GBX 760.26 million.
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In other news, insider Stewart Hamilton sold 33,416 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of GBX 385 ($5.03), for a total transaction of £128,651.60 ($167,996.34). In the last 90 days, insiders have bought 115 shares of company stock valued at $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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