Macquarie Raises Arrow Global Group PLC (ARW) Price Target to GBX 335
Arrow Global Group PLC (LON:ARW) had its target price boosted by analysts at Macquarie from GBX 325 ($4.02) to GBX 335 ($4.15) in a report released on Wednesday. The firm currently has an “outperform” rating on the stock. Macquarie’s price target would indicate a potential upside of 17.03% from the stock’s current price.
A number of other equities analysts have also commented on ARW. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 340 ($4.21) price objective on shares of Arrow Global Group PLC in a research note on Wednesday, June 15th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 290 ($3.59) price objective on shares of Arrow Global Group PLC in a research note on Tuesday, September 20th. Jefferies Group lowered their target price on Arrow Global Group PLC from GBX 340 ($4.21) to GBX 290 ($3.59) and set a “buy” rating for the company in a report on Wednesday, July 13th. JPMorgan Chase & Co. lowered their target price on Arrow Global Group PLC from GBX 320 ($3.96) to GBX 300 ($3.71) and set an “overweight” rating for the company in a report on Wednesday, June 29th. Finally, Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Arrow Global Group PLC presently has an average rating of “Buy” and a consensus price target of GBX 332.33 ($4.11).
Shares of Arrow Global Group PLC (LON:ARW) opened at 286.25 on Wednesday. The firm’s market cap is GBX 498.21 million. The stock has a 50 day moving average price of GBX 274.04 and a 200 day moving average price of GBX 250.31. Arrow Global Group PLC has a 12-month low of GBX 168.66 and a 12-month high of GBX 316.50.
The business also recently declared a dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be issued a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a yield of 1.05%.
Arrow Global Group PLC Company Profile
Arrow Global Group PLC is a United Kingdom-based purchaser and manager of debt that uses data and analytics to acquire and manage debt portfolios from financial institutions and other credit providers. The Company is a provider of receivable management solutions. The Company is engaged in the purchase and collection of non-performing loans (NPLs).
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