Arrow Global Group PLC (LON:ARW) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 464.17 ($6.51).
ARW has been the subject of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group in a report on Wednesday, October 18th. Numis Securities reaffirmed a “buy” rating and issued a GBX 528 ($7.40) price objective on shares of Arrow Global Group in a report 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 report on Thursday, November 2nd. 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 report on Friday, November 10th.
In related news, insider Lee Rochford purchased 24,810 shares of the business’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of GBX 400 ($5.61) per share, with a total value of £99,240 ($139,147.50). Also, insider Paul Cooper purchased 64,697 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of GBX 385 ($5.40) per share, with a total value of £249,083.45 ($349,247.69). Insiders have acquired 96,124 shares of company stock valued at $37,375,184 in the last three months.
Shares of Arrow Global Group (ARW) opened at GBX 391.50 ($5.49) on Tuesday. Arrow Global Group has a fifty-two week low of GBX 286 ($4.01) and a fifty-two week high of GBX 480 ($6.73). The company has a market capitalization of $682.66 and a price-to-earnings ratio of 2,446.88.
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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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