Trade Report: Today, Numis Securities Ltd Upgrades Arrow Global Group PLC (ARW) to Buy

Today, Numis Securities Ltd Upgrades Arrow Global Group PLC (ARW) to Buy

Arrow Global Group PLC (LON:ARW) was upgraded by investment analysts at Numis Securities Ltd to a “buy” rating in a report issued on Monday. The firm currently has a GBX 405 ($5.01) price target on the stock. Numis Securities Ltd’s target price indicates a potential upside of 35.79% from the company’s current price.

Other analysts have also recently issued reports about the stock. Jefferies Group decreased their price objective on shares of Arrow Global Group PLC from GBX 340 ($4.21) to GBX 290 ($3.59) and set a “buy” rating on the stock in a research note on Wednesday, July 13th. JPMorgan Chase & Co. reduced their target price on shares of Arrow Global Group PLC from GBX 320 ($3.96) to GBX 300 ($3.71) and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Peel Hunt began coverage on shares of Arrow Global Group PLC in a research report on Wednesday, October 12th. They set a “buy” rating and a GBX 340 ($4.21) target price on the stock. Macquarie upped their target price on shares of Arrow Global Group PLC from GBX 325 ($4.02) to GBX 335 ($4.15) and gave the stock an “outperform” rating in a research report on Wednesday, October 12th. Finally, Shore Capital reiterated a “buy” rating on shares of Arrow Global Group PLC in a research report on Wednesday, August 31st. Seven equities research analysts have rated the stock with a buy rating, Arrow Global Group PLC presently has an average rating of “Buy” and a consensus price target of GBX 351.50 ($4.35).

Arrow Global Group PLC (LON:ARW) opened at 290.7501 on Monday. The firm’s 50-day moving average is GBX 278.35 and its 200 day moving average is GBX 251.15. The stock’s market capitalization is GBX 506.04 million. Arrow Global Group PLC has a 52-week low of GBX 168.66 and a 52-week high of GBX 316.50.

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

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