Arrow Global Group PLC’s (ARW) Overweight Rating Reaffirmed at J P Morgan Chase & Co
Arrow Global Group PLC (LON:ARW)‘s stock had its “overweight” rating reissued by analysts at J P Morgan Chase & Co in a research report issued on Friday. They currently have a GBX 500 ($6.58) price target on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 21.07% from the stock’s previous close.
A number of other research firms have also issued reports on ARW. Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a research note on Wednesday, October 18th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 528 ($6.94) price objective on shares of Arrow Global Group PLC in a research note on Wednesday, October 18th. Finally, Peel Hunt lowered Arrow Global Group PLC to an “add” rating and set a GBX 450 ($5.92) price objective on the stock. in a research note on Thursday, August 31st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 462.67 ($6.09).
Arrow Global Group PLC (LON:ARW) traded down GBX 2 ($0.03) during trading hours on Friday, hitting GBX 413 ($5.43). The company had a trading volume of 343,228 shares, compared to its average volume of 297,120. Arrow Global Group PLC has a 12 month low of GBX 266.75 ($3.51) and a 12 month high of GBX 480 ($6.31).
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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