Arrow Global Group PLC (ARW) PT Raised to GBX 500 at J P Morgan Chase & Co
Arrow Global Group PLC (LON:ARW) had its price target lifted by investment analysts at J P Morgan Chase & Co from GBX 450 ($5.82) to GBX 500 ($6.47) in a report issued on Friday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 7.12% from the stock’s previous close.
Several other research firms have also issued reports on ARW. Shore Capital restated a “buy” rating on shares of Arrow Global Group PLC in a research report on Thursday. Peel Hunt lowered Arrow Global Group PLC to an “add” rating and set a GBX 450 ($5.82) price target on the stock. in a research report on Thursday. Numis Securities Ltd reiterated a “buy” rating and set a GBX 528 ($6.83) target price on shares of Arrow Global Group PLC in a report on Thursday. Goldman Sachs Group Inc lowered Arrow Global Group PLC to a “neutral” rating and lifted their target price for the stock from GBX 425 ($5.50) to GBX 435 ($5.63) in a report on Tuesday, May 23rd. Finally, Macquarie reiterated an “outperform” rating and set a GBX 360 ($4.66) target price on shares of Arrow Global Group PLC in a report on Monday, July 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Arrow Global Group PLC currently has an average rating of “Buy” and a consensus target price of GBX 455.17 ($5.89).
Shares of Arrow Global Group PLC (LON ARW) opened at 466.75 on Friday. The stock’s market capitalization is GBX 813.88 million. The stock’s 50 day moving average price is GBX 445.36 and its 200 day moving average price is GBX 384.95. Arrow Global Group PLC has a one year low of GBX 250.25 and a one year high of GBX 480.00.
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About Arrow Global Group PLC
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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