Arrow Global Group PLC (ARW) Receives GBX 371.50 Average PT from Analysts
Shares of Arrow Global Group PLC (LON:ARW) have received an average recommendation of “Buy” from the seven analysts that are covering the firm. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 371.50 ($4.59).
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Arrow Global Group PLC from GBX 350 ($4.32) to GBX 385 ($4.75) and gave the company an “overweight” rating in a report on Friday, March 10th. Macquarie lifted their price objective on shares of Arrow Global Group PLC from GBX 335 ($4.14) to GBX 350 ($4.32) and gave the company an “outperform” rating in a report on Friday, March 3rd. Numis Securities Ltd reiterated a “buy” rating and set a GBX 405 ($5.00) price objective on shares of Arrow Global Group PLC in a report on Thursday, March 2nd. Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a report on Thursday, March 2nd. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 340 ($4.20) price objective on shares of Arrow Global Group PLC in a report on Thursday, March 2nd.
Shares of Arrow Global Group PLC (LON:ARW) opened at 319.50 on Tuesday. Arrow Global Group PLC has a one year low of GBX 168.66 and a one year high of GBX 339.18. The stock’s market cap is GBX 557.12 million. The firm has a 50-day moving average of GBX 315.45 and a 200-day moving average of GBX 298.54.
The firm also recently declared a dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 8th will be issued a GBX 6.40 ($0.08) dividend. The ex-dividend date is Thursday, June 8th. This represents a dividend yield of 1.97%. This is a positive change from Arrow Global Group PLC’s previous dividend of $2.70.
In other news, insider Robert Memmott sold 135,086 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of GBX 324 ($4.00), for a total value of £437,678.64 ($540,544.20). In the last 90 days, insiders bought 150 shares of company stock valued at $47,700.
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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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