J P Morgan Chase & Co Reiterates Overweight Rating for Arrow Global Group (LON:ARW)

J P Morgan Chase & Co reaffirmed their overweight rating on shares of Arrow Global Group (LON:ARW) in a report released on Friday, November 10th. They currently have a GBX 500 ($6.70) price objective on the stock.

Other research analysts have also recently issued research reports about the stock. Peel Hunt reissued a buy rating and issued a GBX 495 ($6.63) target price on shares of Arrow Global Group in a report on Thursday, November 2nd. Shore Capital reiterated a buy rating on shares of Arrow Global Group in a report on Wednesday, October 18th. Finally, Numis Securities restated a buy rating and set a GBX 528 ($7.07) price target on shares of Arrow Global Group in a report on Wednesday, October 18th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Arrow Global Group has an average rating of Buy and an average price target of GBX 464.17 ($6.22).

Arrow Global Group (LON ARW) traded up GBX 4 ($0.05) during mid-day trading on Friday, hitting GBX 383 ($5.13). 249,736 shares of the company traded hands, compared to its average volume of 388,461. Arrow Global Group has a fifty-two week low of GBX 266.75 ($3.57) and a fifty-two week high of GBX 480 ($6.43).

In related news, insider Lee Rochford acquired 24,810 shares of the company’s stock in a transaction on Monday, November 20th. The shares were acquired at an average cost of GBX 400 ($5.36) per share, for a total transaction of £99,240 ($132,904.78). Over the last 90 days, insiders have acquired 24,881 shares of company stock worth $9,953,821.

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About Arrow Global Group

Arrow Global Group Plc is a United Kingdom-based company engaged in purchase, collection and servicing of non-performing loans. The Company identifies, acquires and manages secured and unsecured defaulted loan portfolios from financial institutions, such as banks and credit card companies, as well as retail chains, student loans, motor credit, telecommunication firms and utility companies.

Analyst Recommendations for Arrow Global Group (LON:ARW)

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