Arrow Global Group (ARW) Receives “Buy” Rating from Numis Securities

Arrow Global Group (LON:ARW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities in a research report issued on Thursday, July 26th.

A number of other research firms also recently issued reports on ARW. Peel Hunt reiterated a “buy” rating on shares of Arrow Global Group in a report on Thursday, May 17th. Berenberg Bank began coverage on Arrow Global Group in a report on Wednesday, May 16th. They issued a “sell” rating and a GBX 280 ($3.62) price objective for the company. JPMorgan Chase & Co. decreased their price objective on Arrow Global Group from GBX 500 ($6.47) to GBX 460 ($5.95) and set an “overweight” rating for the company in a report on Friday, May 11th. Finally, Shore Capital reiterated a “buy” rating and issued a GBX 465 ($6.02) price objective on shares of Arrow Global Group in a report on Thursday, May 10th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Arrow Global Group currently has an average rating of “Buy” and an average price target of GBX 437 ($5.66).

Shares of Arrow Global Group stock opened at GBX 246.50 ($3.19) on Thursday. Arrow Global Group has a 52 week low of GBX 305.25 ($3.95) and a 52 week high of GBX 480 ($6.21).

Arrow Global Group (LON:ARW) last announced its earnings results on Thursday, May 10th. The company reported GBX 6.50 ($0.08) EPS for the quarter. Arrow Global Group had a return on equity of 28.85% and a net margin of 15.00%.

In related news, insider Andrew C. Fisher bought 10,000 shares of the company’s stock in a transaction dated Friday, June 29th. The stock was purchased at an average price of GBX 247 ($3.20) per share, for a total transaction of £24,700 ($31,974.11). Also, insider Stewart Hamilton bought 5,555 shares of the company’s stock in a transaction dated Friday, June 15th. The stock was bought at an average price of GBX 268 ($3.47) per share, with a total value of £14,887.40 ($19,271.72). In the last quarter, insiders bought 50,835 shares of company stock valued at $14,005,935.

About Arrow Global Group

Arrow Global Group PLC, together with its subsidiaries, identifies, acquires, and manages secured and unsecured defaulted loan portfolios consisting of consumer and SME accounts from financial institutions, such as banks and credit card companies in the United Kingdom and mainland Europe. The company also engages in the debt purchase and asset management business.

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