Arrow Global Group PLC (ARW) Given Consensus Recommendation of “Buy” by Brokerages
Arrow Global Group PLC (LON:ARW) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 455.17 ($5.88).
A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co upped their target price on shares of Arrow Global Group PLC from GBX 450 ($5.81) to GBX 500 ($6.46) and gave the company an “overweight” rating in a research note on Friday, September 1st. Numis Securities Ltd restated a “buy” rating and issued a GBX 528 ($6.82) target price on shares of Arrow Global Group PLC in a research note on Thursday, August 31st. Peel Hunt lowered shares of Arrow Global Group PLC to an “add” rating and set a GBX 450 ($5.81) target price on the stock. in a research note on Thursday, August 31st. Shore Capital restated a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday, August 31st. Finally, Macquarie restated an “outperform” rating and issued a GBX 360 ($4.65) target price on shares of Arrow Global Group PLC in a research note on Monday, July 3rd.
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Arrow Global Group PLC (LON ARW) traded up 2.56% during mid-day trading on Friday, hitting GBX 410.25. The stock had a trading volume of 285,956 shares. Arrow Global Group PLC has a one year low of GBX 263.38 and a one year high of GBX 480.00. The stock’s market cap is GBX 715.36 million. The company has a 50 day moving average price of GBX 444.62 and a 200 day moving average price of GBX 388.68.
Arrow Global Group PLC (LON:ARW) last issued its earnings results on Thursday, August 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Arrow Global Group PLC had a negative net margin of 18.06% and a negative return on equity of 28.89%. On average, equities analysts anticipate that Arrow Global Group PLC will post $33.14 EPS for the current year.
The business also recently announced a dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Thursday, September 7th will be paid a GBX 3.20 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 0.7%.
Arrow Global Group PLC Company Profile
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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