Arrow Global Group PLC (ARW) Earns Buy Rating from Numis Securities Ltd

Numis Securities Ltd reaffirmed their buy rating on shares of Arrow Global Group PLC (LON:ARW) in a report issued on Thursday, May 11th. The firm currently has a GBX 415 ($5.25) price objective on the stock.

ARW has been the subject of several other research reports. Macquarie boosted their price objective on Arrow Global Group PLC from GBX 335 ($4.24) to GBX 350 ($4.43) and gave the company an outperform rating in a report on Friday, March 3rd. Jefferies Group LLC reissued a buy rating and issued a GBX 384 ($4.86) price objective on shares of Arrow Global Group PLC in a report on Wednesday, March 22nd. Goldman Sachs Group, Inc. (The) boosted their price objective on Arrow Global Group PLC from GBX 390 ($4.93) to GBX 425 ($5.38) and gave the company a buy rating in a report on Thursday, April 6th. J P Morgan Chase & Co boosted their price objective on Arrow Global Group PLC from GBX 385 ($4.87) to GBX 410 ($5.19) and gave the company an overweight rating in a report on Friday, March 24th. Finally, Shore Capital reissued a buy rating on shares of Arrow Global Group PLC in a report on Thursday, May 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 419.67 ($5.31).

Shares of Arrow Global Group PLC (LON ARW) opened at 396.00 on Thursday. Arrow Global Group PLC has a 12 month low of GBX 168.66 and a 12 month high of GBX 415.25. The firm has a 50-day moving average price of GBX 390.21 and a 200-day moving average price of GBX 334.63. The stock’s market cap is GBX 690.51 million.

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In related news, insider Stewart Hamilton sold 33,416 shares of Arrow Global Group PLC 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).

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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