Shore Capital Reconfirms Its Buy Rating on Arrow Global Group (LON:ARW) Shares Today

September 14, 2018 - By Andrea Pope

Arrow Global Group PLC (LON:ARW) Logo

Investors sentiment increased to 1.03 in 2018 Q2. Its up 0.23, from 0.8 in 2018Q1. It increased, as 32 investors sold Arrow Global Group PLC shares while 108 reduced holdings. 34 funds opened positions while 110 raised stakes. 79.64 million shares or 0.26% less from 79.84 million shares in 2018Q1 were reported.

Susquehanna Int Gru Llp holds 7,297 shares. Prudential invested in 0.11% or 964,148 shares. Schroder Inv Mngmt Gru invested in 1.16 million shares or 0.15% of the stock. Beck Mack Oliver stated it has 3,500 shares. Glenmede Tru Com Na holds 0.02% or 62,459 shares. First Pacific Advsr Ltd has invested 0.02% of its portfolio in Arrow Global Group PLC (LON:ARW). Speece Thorson Grp holds 3.28% of its portfolio in Arrow Global Group PLC (LON:ARW) for 206,908 shares. Employees Retirement Systems Of Texas reported 0.02% stake. Old National Bank & Trust In holds 0.03% or 6,573 shares. Sumitomo Mitsui Asset has 5,784 shares for 0.01% of their portfolio. Profund Advisors Limited Liability Co holds 8,657 shares or 0.03% of its portfolio. State Treasurer State Of Michigan holds 32,262 shares. Axa has 0% invested in Arrow Global Group PLC (LON:ARW) for 2,965 shares. Twin Mngmt, a Pennsylvania-based fund reported 46,440 shares. Clarivest Asset Management Limited Liability Company holds 0% or 3,673 shares in its portfolio.

Since May 29, 2018, it had 0 insider buys, and 3 selling transactions for $1.10 million activity. $132,367 worth of Arrow Global Group PLC (LON:ARW) was sold by Anderson Matthew R. Melvin Vincent P sold $156,200 worth of Arrow Global Group PLC (LON:ARW) on Monday, August 20.

Arrow Global Group (LON:ARW) Rating Reaffirmed

In an analyst report published by Shore Capital on Friday morning, The Rating on Arrow Global Group (LON:ARW) shares of a ‘Buy’ was maintained.

Arrow Global Group PLC (LON:ARW) Ratings Coverage

Among 5 analysts covering Arrow Global Group (LON:ARW), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. Arrow Global Group has GBX 495 highest and GBX 280 lowest target. GBX 438’s average target is 87.58% above currents GBX 233.5 stock price. Arrow Global Group had 17 analyst reports since April 26, 2018 according to SRatingsIntel. The rating was maintained by Shore Capital with “Buy” on Thursday, May 17. The company was maintained on Tuesday, September 4 by Shore Capital. The stock of Arrow Global Group PLC (LON:ARW) earned “Buy” rating by Shore Capital on Friday, September 14. The firm has “Buy” rating by Numis Securities given on Monday, May 14. The rating was maintained by Shore Capital with “Buy” on Thursday, May 10. The firm has “Buy” rating given on Thursday, May 17 by Peel Hunt. Peel Hunt maintained it with “Buy” rating and GBX 495 target in Thursday, April 26 report. As per Thursday, July 26, the company rating was maintained by Numis Securities. On Thursday, July 26 the stock rating was maintained by Peel Hunt with “Buy”. The rating was maintained by Shore Capital on Thursday, August 30 with “Buy”.

The stock increased 8.10% or GBX 17.5 during the last trading session, reaching GBX 233.5. About 727,001 shares traded. Arrow Global Group PLC (LON:ARW) has 0.00% since September 14, 2017 and is . It has underperformed by 15.62% the S&P500.

Analysts await Arrow Global Group PLC (LON:ARW) to report earnings on November, 1. They expect $2.16 earnings per share, up 18.68 % or $0.34 from last year’s $1.82 per share. ARW’s profit will be $3.80M for 27.03 P/E if the $2.16 EPS becomes a reality. After $2.20 actual earnings per share reported by Arrow Global Group PLC for the previous quarter, Wall Street now forecasts -1.82 % negative EPS growth.

Arrow Global Group PLC, together with its subsidiaries, engages in debt purchase and management business in the United Kingdom and mainland Europe. The company has market cap of 410.97 million GBP. The firm 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, as well as retail chains, student loans, motor credit, telecommunication firms, and utility companies. It has a 9.49 P/E ratio. It also provides asset management services.

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