Arrow Global Group (LON:ARW) had its price target decreased by Goldman Sachs Group from GBX 300 ($3.92) to GBX 220 ($2.87) in a research report report published on Tuesday. Goldman Sachs Group currently has a neutral rating on the stock.
A number of other equities research analysts also recently commented on ARW. Peel Hunt reduced their target price on Arrow Global Group from GBX 265 ($3.46) to GBX 200 ($2.61) and set a hold rating for the company in a report on Friday, February 22nd. Shore Capital reissued a buy rating on shares of Arrow Global Group in a report on Thursday, February 28th. Jefferies Financial Group reissued a buy rating and issued a GBX 534 ($6.98) target price on shares of Arrow Global Group in a report on Thursday, February 28th. Finally, JPMorgan Chase & Co. reduced their target price on Arrow Global Group from GBX 460 ($6.01) to GBX 380 ($4.97) and set an overweight rating for the company in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Arrow Global Group currently has a consensus rating of Hold and an average price target of GBX 366.29 ($4.79).
Arrow Global Group stock opened at GBX 189 ($2.47) on Tuesday. Arrow Global Group has a one year low of GBX 166.20 ($2.17) and a one year high of GBX 382.50 ($5.00). The company has a debt-to-equity ratio of 615.47, a current ratio of 3.06 and a quick ratio of 3.05. The firm has a market capitalization of $331.60 million and a price-to-earnings ratio of 11.12.
The company also recently declared a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 8.70 ($0.11) per share. This represents a dividend yield of 4.44%. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from Arrow Global Group’s previous dividend of $4.00. Arrow Global Group’s payout ratio is 0.76%.
Arrow Global Group Company Profile
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.
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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