Arrow Global Group PLC’s (ARW) “Add” Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reaffirmed their add rating on shares of Arrow Global Group PLC (LON:ARW) in a report published on Wednesday morning. The brokerage currently has a GBX 290 ($3.59) target price on the stock.
Several other research firms have also issued reports on ARW. Goldman Sachs Group Inc. restated a buy rating and set a GBX 340 ($4.21) price target on shares of Arrow Global Group PLC in a report on Wednesday, June 15th. Shore Capital reiterated a buy rating on shares of Arrow Global Group PLC in a research note on Wednesday, August 31st. Macquarie lifted their price objective on shares of Arrow Global Group PLC from GBX 325 ($4.02) to GBX 335 ($4.15) and gave the company an outperform rating in a research note on Wednesday. Peel Hunt began coverage on shares of Arrow Global Group PLC in a research note on Wednesday. They issued a buy rating and a GBX 340 ($4.21) price objective for the company. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Arrow Global Group PLC in a research note on Wednesday, September 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 332.33 ($4.11).
Shares of Arrow Global Group PLC (LON:ARW) opened at 293.00 on Wednesday. The firm’s 50-day moving average is GBX 275.51 and its 200 day moving average is GBX 250.58. Arrow Global Group PLC has a 52-week low of GBX 168.66 and a 52-week high of GBX 316.50. The company’s market capitalization is GBX 509.95 million.
The company also recently disclosed a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be issued a dividend of GBX 2.70 ($0.03) per share. This represents a yield of 1.05%. The ex-dividend date is Thursday, September 15th.
About Arrow Global Group PLC
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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