Arrow Global Group (LON:ARW) had its price target reduced by Goldman Sachs Group from GBX 300 ($3.92) to GBX 220 ($2.87) in a report issued on Tuesday. They currently have a neutral rating on the stock.
Other analysts have also recently issued research reports about the company. Shore Capital reiterated a buy rating on shares of Arrow Global Group in a report on Thursday, February 28th. Peel Hunt decreased 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. JPMorgan Chase & Co. decreased 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. Finally, Jefferies Financial Group reiterated a buy rating and set a GBX 534 ($6.98) target price on shares of Arrow Global Group in a report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Arrow Global Group currently has an average rating of Hold and an average price target of GBX 366.29 ($4.79).
ARW opened at GBX 189 ($2.47) on Tuesday. 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 stock has a market capitalization of $331.60 million and a price-to-earnings ratio of 11.12. Arrow Global Group has a 12 month low of GBX 166.20 ($2.17) and a 12 month high of GBX 382.50 ($5.00).
The company also recently announced a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 6th will be issued a dividend of GBX 8.70 ($0.11) per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 4.44%. This is a boost from Arrow Global Group’s previous dividend of $4.00. Arrow Global Group’s payout ratio is presently 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.
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