The Macquarie Increases Arrow Global Group PLC (ARW) Price Target to GBX 335

The Macquarie Increases Arrow Global Group PLC (ARW) Price Target to GBX 335

Arrow Global Group PLC (LON:ARW) had its price target hoisted by investment analysts at Macquarie from GBX 325 ($4.02) to GBX 335 ($4.15) in a research report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price objective would indicate a potential upside of 14.53% from the company’s current price.

ARW has been the subject of a number of other research reports. Peel Hunt initiated coverage on Arrow Global Group PLC in a research note on Wednesday, September 21st. They issued a “buy” rating and a GBX 340 ($4.21) price objective for the company. JPMorgan Chase & Co. increased their price target on Arrow Global Group PLC from GBX 300 ($3.71) to GBX 330 ($4.08) and gave the stock an “overweight” rating in a research note on Thursday, September 1st. Numis Securities Ltd reiterated an “under review” rating on shares of Arrow Global Group PLC in a research note on Wednesday, August 31st. Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a research note on Thursday, September 29th. Finally, Jefferies Group increased their price target on Arrow Global Group PLC from GBX 290 ($3.59) to GBX 359 ($4.44) and gave the stock a “buy” rating in a research note on Wednesday, September 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 332.33 ($4.11).

Arrow Global Group PLC (LON:ARW) opened at 292.50 on Wednesday. Arrow Global Group PLC has a 52-week low of GBX 168.66 and a 52-week high of GBX 316.50. The firm has a 50-day moving average price of GBX 277.81 and a 200-day moving average price of GBX 250.88. The company’s market cap is GBX 509.08 million.

The business also recently disclosed a dividend, which was paid on Thursday, October 13th. Investors of record on Thursday, September 15th were issued a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date was Thursday, September 15th. This represents a yield of 1.05%.

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