Numis Securities Ltd Upgrades Arrow Global Group PLC (ARW) to Buy
Arrow Global Group PLC (LON:ARW) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a GBX 405 ($5.01) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 35.79% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Jefferies Group cut their price target on Arrow Global Group PLC from GBX 340 ($4.21) to GBX 290 ($3.59) and set a “buy” rating on the stock in a report on Wednesday, July 13th. JPMorgan Chase & Co. cut their price target on Arrow Global Group PLC from GBX 320 ($3.96) to GBX 300 ($3.71) and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Peel Hunt began coverage on Arrow Global Group PLC in a report on Wednesday, October 12th. They set a “buy” rating and a GBX 340 ($4.21) price target on the stock. Macquarie lifted their price target on Arrow Global Group PLC from GBX 325 ($4.02) to GBX 335 ($4.15) and gave the company an “outperform” rating in a report on Wednesday, October 12th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group PLC in a report on Wednesday, August 31st. Seven research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of GBX 351.50 ($4.35).
Arrow Global Group PLC (LON:ARW) opened at 290.7501 on Monday. The stock’s market cap is GBX 506.04 million. The firm’s 50 day moving average price is GBX 278.35 and its 200-day moving average price is GBX 251.15. Arrow Global Group PLC has a 52 week low of GBX 168.66 and a 52 week high of GBX 316.50.
The company also recently announced a dividend, which was paid on Thursday, October 13th. Investors of record on Thursday, September 15th were issued a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date of this dividend was 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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