Arrow Global Group PLC (ARW) Receives Consensus Rating of “Buy” from Brokerages
Arrow Global Group PLC (LON:ARW) has been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 462.67 ($6.14).
Several brokerages have recently weighed in on ARW. J P Morgan Chase & Co raised their target price on Arrow Global Group PLC from GBX 450 ($5.97) to GBX 500 ($6.63) and gave the company an “overweight” rating in a research note on Friday, September 1st. Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday, August 31st. Peel Hunt cut Arrow Global Group PLC to an “add” rating and set a GBX 450 ($5.97) price target on the stock. in a research note on Thursday, August 31st. Numis Securities Ltd reissued a “buy” rating and issued a GBX 528 ($7.00) price target on shares of Arrow Global Group PLC in a report on Thursday, August 31st. Finally, Macquarie reissued an “outperform” rating and issued a GBX 360 ($4.78) price target on shares of Arrow Global Group PLC in a report on Monday, July 3rd.
Arrow Global Group PLC (LON ARW) traded down 2.36% on Wednesday, hitting GBX 433.50. The stock had a trading volume of 188,319 shares. The company’s 50 day moving average is GBX 433.61 and its 200 day moving average is GBX 404.33. Arrow Global Group PLC has a 12-month low of GBX 263.38 and a 12-month high of GBX 480.00. The firm’s market cap is GBX 756.67 million.
The business also recently announced a dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Thursday, September 7th were given a GBX 3.20 ($0.04) dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 7th.
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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