Shares of Arrow Global Group PLC (LON:ARW) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 334.80 ($4.37).
Several equities research analysts have weighed in on ARW shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 534 ($6.98) target price on shares of Arrow Global Group in a report on Thursday, February 28th. Shore Capital restated a “buy” rating on shares of Arrow Global Group in a report on Thursday, February 28th. Numis Securities restated a “buy” rating on shares of Arrow Global Group in a report on Wednesday, May 1st. Peel Hunt restated a “hold” rating on shares of Arrow Global Group in a report on Thursday, February 28th. Finally, Goldman Sachs Group dropped their price objective on shares of Arrow Global Group from GBX 300 ($3.92) to GBX 220 ($2.87) and set a “neutral” rating on the stock in a report on Tuesday, March 12th.
In related news, insider Dave Sutherland acquired 4,975 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average cost of GBX 200 ($2.61) per share, for a total transaction of £9,950 ($13,001.44). Over the last 90 days, insiders have purchased 5,121 shares of company stock worth $1,024,919.
The business also recently disclosed a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 6th will be issued a dividend of GBX 8.70 ($0.11) per share. This represents a dividend yield of 4.44%. This is a positive change from Arrow Global Group’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, June 6th. Arrow Global Group’s dividend payout ratio (DPR) is presently 0.50%.
About Arrow Global Group
Arrow Global Group PLC identifies, acquires, and manages secured and unsecured defaulted and non-core loan portfolios and real estate from and on behalf of financial institutions, such as banks, institutional investors, and credit card companies in the United Kingdom and internationally. The company also engages in the debt purchase, and asset management servicing business.
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