Arrow Global Group’s (ARW) Sell Rating Reiterated at Berenberg Bank
Arrow Global Group (LON:ARW)‘s stock had its “sell” rating reissued by research analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 160 ($2.09) price objective on the stock. Berenberg Bank’s price objective would suggest a potential downside of 23.66% from the stock’s current price.
ARW has been the topic of several other research reports. Jefferies Financial Group restated a “buy” rating on shares of Arrow Global Group in a research note on Monday, September 16th. Peel Hunt restated a “sell” rating and issued a GBX 200 ($2.61) price target on shares of Arrow Global Group in a research note on Tuesday. Shore Capital reiterated a “buy” rating on shares of Arrow Global Group in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Arrow Global Group from GBX 380 ($4.97) to GBX 340 ($4.44) and set an “overweight” rating for the company in a report on Tuesday, August 13th. Finally, Peel Hunt reiterated a “sell” rating and issued a GBX 200 ($2.61) price objective on shares of Arrow Global Group in a report on Tuesday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Arrow Global Group has a consensus rating of “Hold” and an average target price of GBX 292 ($3.82).
Shares of LON:ARW opened at GBX 209.60 ($2.74) on Wednesday. The firm’s 50 day moving average is GBX 223.58 and its two-hundred day moving average is GBX 222.08. Arrow Global Group has a 52 week low of GBX 166.20 ($2.17) and a 52 week high of GBX 284.58 ($3.72). The firm has a market capitalization of $371.05 million and a P/E ratio of 8.56. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 601.98.
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.
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