Shares of Arrow Global Group PLC (LON:ARW) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 464.17 ($6.51).
A number of research analysts recently weighed in on ARW shares. Numis Securities reaffirmed a “buy” rating and set a GBX 537 ($7.53) price objective on shares of Arrow Global Group in a report on Thursday, February 1st. Peel Hunt reaffirmed a “buy” rating and set a GBX 495 ($6.94) price objective on shares of Arrow Global Group in a report on Thursday, November 9th. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group in a report on Thursday, November 9th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 500 ($7.01) price objective on shares of Arrow Global Group in a report on Friday, November 10th.
In other Arrow Global Group news, insider Lee Rochford acquired 24,810 shares of the stock in a transaction on Monday, November 20th. The stock was purchased at an average price of GBX 400 ($5.61) per share, for a total transaction of £99,240 ($139,147.50). Also, insider Jonathan Bloomer acquired 6,505 shares of the stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of GBX 384 ($5.38) per share, with a total value of £24,979.20 ($35,024.12). Over the last quarter, insiders have purchased 96,124 shares of company stock worth $37,375,184.
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/06/arrow-global-group-plc-arw-receives-average-rating-of-buy-from-brokerages.html.
About Arrow Global Group
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.
Receive News & Ratings for Arrow Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Global Group and related companies with MarketBeat.com's FREE daily email newsletter.