Arrow Global Group PLC (LON:ARW) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 464.17 ($6.51).
A number of research firms have recently weighed in on ARW. Numis Securities reaffirmed a “buy” rating and issued a GBX 528 ($7.40) price objective on shares of Arrow Global Group in a research note on Wednesday, October 18th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 495 ($6.94) price objective on shares of Arrow Global Group in a research note on Thursday, November 9th. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group in a research note on Thursday, November 9th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 500 ($7.01) price objective on shares of Arrow Global Group in a research note on Friday, November 10th.
In related news, insider Jonathan Bloomer acquired 6,505 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were acquired at an average cost of GBX 384 ($5.38) per share, for a total transaction of £24,979.20 ($35,024.12). Also, insider Paul Cooper acquired 64,697 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average price of GBX 385 ($5.40) per share, for a total transaction of £249,083.45 ($349,247.69). Insiders purchased 96,124 shares of company stock worth $37,375,184 over the last quarter.
Arrow Global Group 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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