Arrow Global Group (LON:ARW) had its target price reduced by Goldman Sachs Group from GBX 240 ($3.14) to GBX 230 ($3.01) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.
ARW has been the topic of several other reports. Peel Hunt reaffirmed a sell rating and issued a GBX 200 ($2.61) target price on shares of Arrow Global Group in a report on Tuesday, November 12th. Shore Capital reaffirmed a buy rating on shares of Arrow Global Group in a report on Tuesday, November 12th. Jefferies Financial Group reaffirmed a buy rating on shares of Arrow Global Group in a report on Monday, September 16th. Peel Hunt reaffirmed a sell rating and issued a GBX 200 ($2.61) target price on shares of Arrow Global Group in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reduced their target price on Arrow Global Group from GBX 380 ($4.97) to GBX 340 ($4.44) and set an overweight rating on the stock in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Arrow Global Group has an average rating of Hold and a consensus price target of GBX 292 ($3.82).
Shares of ARW stock traded up GBX 3.80 ($0.05) during trading hours on Thursday, hitting GBX 213.40 ($2.79). The stock had a trading volume of 99,688 shares, compared to its average volume of 835,450. Arrow Global Group has a one year low of GBX 166.20 ($2.17) and a one year high of GBX 284.58 ($3.72). The company has a debt-to-equity ratio of 601.98, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average price is GBX 223.65 and its two-hundred day moving average price is GBX 222.17. The stock has a market capitalization of $377.06 million and a price-to-earnings ratio of 8.71.
Arrow Global Group PLC identifies, acquires, and manages secured and unsecured defaulted and non-core loan portfolios and real estate from and on behalf of financial institutions, such as banks, institutional investors, and credit card companies in the United Kingdom and internationally. The company also engages in the debt purchase, and asset management servicing business.
See Also: What causes a yield curve to invert?
Receive News & Ratings for Arrow Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Global Group and related companies with MarketBeat.com's FREE daily email newsletter.