Arrow Global Group PLC (LON:ARW) had its price target lifted by JPMorgan Chase & Co. from GBX 385 ($4.84) to GBX 410 ($5.15) in a report released on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 21.30% from the stock’s previous close.
Several other brokerages have also recently weighed in on ARW. Macquarie lifted their price target on shares of Arrow Global Group PLC from GBX 335 ($4.21) to GBX 350 ($4.40) and gave the stock an “outperform” rating in a research note on Friday, March 3rd. Peel Hunt restated a “buy” rating and set a GBX 340 ($4.27) target price on shares of Arrow Global Group PLC in a research note on Monday, December 5th. Jefferies Group LLC restated a “buy” rating and set a GBX 384 ($4.83) target price on shares of Arrow Global Group PLC in a research note on Wednesday, March 22nd. Numis Securities Ltd restated a “buy” rating and set a GBX 415 ($5.22) target price on shares of Arrow Global Group PLC in a research note on Wednesday, March 22nd. Finally, Shore Capital restated a “buy” rating on shares of Arrow Global Group PLC in a research note on Wednesday, March 22nd. Seven investment analysts have rated the stock with a buy rating, Arrow Global Group PLC currently has an average rating of “Buy” and a consensus target price of GBX 389 ($4.89).
Shares of Arrow Global Group PLC (LON:ARW) opened at 338.00 on Friday. Arrow Global Group PLC has a 52-week low of GBX 168.66 and a 52-week high of GBX 344.00. The firm’s 50-day moving average is GBX 318.22 and its 200 day moving average is GBX 301.00. The stock’s market capitalization is GBX 589.38 million.
The company also recently announced a dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 8th will be paid a dividend of GBX 6.40 ($0.08) per share. This is a boost from Arrow Global Group PLC’s previous dividend of $2.70. The ex-dividend date is Thursday, June 8th. This represents a dividend yield of 1.97%.
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In related news, insider Robert Memmott sold 135,086 shares of Arrow Global Group PLC stock in a transaction on Monday, March 13th. The shares were sold at an average price of GBX 324 ($4.07), for a total transaction of £437,678.64 ($550,054.84). In the last 90 days, insiders have purchased 150 shares of company stock worth $47,700.
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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