Arrow Global Group PLC (ARW) Given “Buy” Rating at Numis Securities Ltd
Numis Securities Ltd reissued their buy rating on shares of Arrow Global Group PLC (LON:ARW) in a research note released on Thursday morning. The brokerage currently has a GBX 528 ($6.83) price objective on the stock.
Several other equities analysts also recently commented on the company. Goldman Sachs Group, Inc. (The) downgraded Arrow Global Group PLC to a neutral rating and raised their target price for the stock from GBX 425 ($5.50) to GBX 435 ($5.63) in a research report on Tuesday, May 23rd. Macquarie restated an outperform rating and set a GBX 360 ($4.66) target price on shares of Arrow Global Group PLC in a research report on Monday, July 3rd. Shore Capital restated a buy rating on shares of Arrow Global Group PLC in a research report on Thursday, May 11th. J P Morgan Chase & Co raised their target price on Arrow Global Group PLC from GBX 410 ($5.30) to GBX 450 ($5.82) and gave the stock an overweight rating in a research report on Friday, May 12th. Finally, Peel Hunt downgraded Arrow Global Group PLC to an add rating and set a GBX 450 ($5.82) target price for the company. in a research report on Thursday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 455.17 ($5.89).
Arrow Global Group PLC (LON ARW) traded down 1.07% during midday trading on Thursday, hitting GBX 461.75. The company had a trading volume of 239,817 shares. The company’s market cap is GBX 805.16 million. Arrow Global Group PLC has a one year low of GBX 250.25 and a one year high of GBX 480.00. The company’s 50 day moving average is GBX 445.36 and its 200-day moving average is GBX 384.95.
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Arrow Global Group PLC Company Profile
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.
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