Peel Hunt upgraded shares of Arrow Global Group PLC (LON:ARW) to a buy rating in a research note issued to investors on Thursday morning. They currently have GBX 495 ($6.67) price target on the stock, up from their prior price target of GBX 450 ($6.07).
A number of other equities analysts have also recently weighed in on ARW. Macquarie reissued an outperform rating and set a GBX 360 ($4.85) price target on shares of Arrow Global Group PLC in a research report on Monday, July 3rd. Numis Securities Ltd reissued a buy rating and set a GBX 528 ($7.12) price target on shares of Arrow Global Group PLC in a research report on Thursday, August 31st. J P Morgan Chase & Co reissued an overweight rating and set a GBX 500 ($6.74) price target on shares of Arrow Global Group PLC in a research report on Tuesday. Finally, Shore Capital reissued a buy rating on shares of Arrow Global Group PLC in a research report on Thursday, August 31st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 462.67 ($6.24).
Shares of Arrow Global Group PLC (LON ARW) traded up 0.72% during mid-day trading on Thursday, reaching GBX 421.00. 133,969 shares of the company’s stock traded hands. Arrow Global Group PLC has a 52 week low of GBX 263.38 and a 52 week high of GBX 480.00. The firm’s market cap is GBX 734.86 million. The company’s 50 day moving average is GBX 442.43 and its 200-day moving average is GBX 396.00.
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The company also recently disclosed a dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Thursday, September 7th will be paid a GBX 3.20 ($0.04) dividend. This represents a dividend yield of 0.7%. The ex-dividend date is Thursday, September 7th.
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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