ARM Holdings plc (LON:ARM) Receives GBX 1,298.96 Average Price Target from Analysts
Shares of ARM Holdings plc (LON:ARM) have earned a consensus rating of “Hold” from the twenty-five ratings firms that are covering the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,298.96 ($16.96).
A number of brokerages recently issued reports on ARM. JPMorgan Chase & Co. reiterated a ” buy” rating and issued a GBX 1,200 ($15.66) price objective on shares of ARM Holdings plc in a research report on Wednesday, June 29th. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,700 ($22.19) price objective on shares of ARM Holdings plc in a research report on Wednesday, July 27th. Beaufort Securities downgraded ARM Holdings plc to a “hold” rating in a research report on Tuesday, July 19th. Peel Hunt downgraded ARM Holdings plc to a “hold” rating and set a GBX 1,700 ($22.19) price target on the stock. in a research report on Wednesday, July 27th. Finally, Deutsche Bank AG raised their price target on ARM Holdings plc from GBX 1,050 ($13.71) to GBX 1,150 ($15.01) and gave the company a “hold” rating in a research report on Wednesday, July 13th.
ARM Holdings plc (LON:ARM) opened at 1701.90 on Thursday. The stock has a 50 day moving average price of GBX 1,684.23 and a 200-day moving average price of GBX 1,173.40. ARM Holdings plc has a 52 week low of GBX 831.64 and a 52 week high of GBX 1,752.00.
The company also recently disclosed a dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, September 8th will be given a dividend of GBX 3.78 ($0.05) per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a yield of 0.23%.
ARM Holdings plc Company Profile
ARM Holdings plc (ARM) is a company engaged in designing a range of inter-related intellectual property (IP), including microprocessors, Physical IP, and supporting software and tools. Its product offering includes 16/32/64-bit reduced instruction set computing (RISC) microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products.
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