J P Morgan Chase & Co Reaffirms Overweight Rating for Arrow Global Group PLC (ARW)
Arrow Global Group PLC (LON:ARW)‘s stock had its “overweight” rating reissued by J P Morgan Chase & Co in a report released on Tuesday. They currently have a GBX 500 ($6.74) price target on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 18.76% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Peel Hunt lowered shares of Arrow Global Group PLC to an “add” rating and set a GBX 450 ($6.07) target price on the stock. in a report on Thursday, August 31st. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 528 ($7.12) price objective on shares of Arrow Global Group PLC in a research note on Thursday, August 31st. Macquarie reiterated an “outperform” rating and issued a GBX 360 ($4.85) price objective on shares of Arrow Global Group PLC in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) lowered shares of Arrow Global Group PLC to a “neutral” rating and increased their price objective for the company from GBX 425 ($5.73) to GBX 435 ($5.86) in a research note on Tuesday, May 23rd. Finally, Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday, August 31st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 462.67 ($6.24).
Arrow Global Group PLC (LON:ARW) traded up 0.72% during mid-day trading on Tuesday, hitting GBX 421.00. The company had a trading volume of 133,969 shares. The company’s 50 day moving average price is GBX 442.43 and its 200-day moving average price is GBX 396.00. The firm’s market capitalization is GBX 734.86 million. Arrow Global Group PLC has a 12-month low of GBX 263.38 and a 12-month high of GBX 480.00.
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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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