Arrow Global Group PLC (LON:ARW) had its target price lifted by J P Morgan Chase & Co from GBX 410 ($5.19) to GBX 450 ($5.69) in a research report sent to investors on Friday, May 12th. J P Morgan Chase & Co currently has an overweight rating on the stock.
A number of other brokerages have also recently commented on ARW. Numis Securities Ltd reiterated a buy rating and issued a GBX 415 ($5.25) price target on shares of Arrow Global Group PLC in a research note on Thursday, May 11th. Shore Capital reiterated a buy rating on shares of Arrow Global Group PLC in a research note on Thursday, May 11th. Jefferies Group LLC increased their price target on Arrow Global Group PLC from GBX 384 ($4.86) to GBX 458 ($5.79) and gave the company a buy rating in a research note on Monday, April 3rd. Goldman Sachs Group, Inc. (The) increased their price target on Arrow Global Group PLC from GBX 390 ($4.93) to GBX 425 ($5.38) and gave the company a buy rating in a research note on Thursday, April 6th. Finally, Peel Hunt increased their price target on Arrow Global Group PLC from GBX 340 ($4.30) to GBX 400 ($5.06) and gave the company a buy rating in a research note on Thursday, March 23rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 419.67 ($5.31).
Shares of Arrow Global Group PLC (LON ARW) traded down 0.06% during midday trading on Friday, reaching GBX 396.00. The company’s stock had a trading volume of 275,098 shares. Arrow Global Group PLC has a 52-week low of GBX 168.66 and a 52-week high of GBX 415.25. The company’s market capitalization is GBX 690.51 million. The stock has a 50 day moving average price of GBX 390.21 and a 200-day moving average price of GBX 334.63.
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In other news, insider Stewart Hamilton sold 33,416 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of GBX 385 ($4.87), for a total value of £128,651.60 ($162,747.12).
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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