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Arrow Global Group (LON:ARW) price target dropped to GBX300 as covered today by JP Morgan Cazenove

Category: Manage Debt Published: Thursday, 07 July 2016 Written by Chance Allen

Arrow Global Group (LON:ARW) had its price target fell to GBX300 by JP Morgan Cazenove in a report released 6/29/2016. The new target price suggests a possible no upside the company's most recent stock close price.

Yesterday Arrow Global Group (LON:ARW) traded 0.63% higher at GBX0.00. The company has recorded a 50-day moving average is GBX250.16 and its 200-day average is GBX245.97. With the last close down 18.49% relative to the two hundred day average, compared to the Standard amp; Poor’s 500 Index which has raised 0.01% over the same time. 247,546 shares of the stock exchanged hands, down from an avg. trading volume of 426,471.

Performance Graphic:

Arrow Global Group has a one-year low of GBX182 and a one-year high of GBX290 with a price-earnings ratio of 11. ARW's market capitalization is presently GBX349.0M.

In addition to JP Morgan Cazenove reporting it’s price target, a total of 5 analysts have reported on the stock. The consensus target price is GBX319.40 with two analysts rating the company a strong buy, four firms rating the stock a buy, zero firms rating the stock a hold, zero rating the stock to underperform, and lastly zero brokeragesrating the stock as sell.

General Information About Arrow Global Group (LON:ARW)

Arrow Global Group PLC is a United Kingdom-based purchaser and manager of debt that uses data and analytics to acquire and manage debt portfolios from financial institutions and other credit providers. The Company is a provider of receivable management solutions. The Company is engaged in the purchase and collection of non-performing loans (NPLs). The Company purchases secured and unsecured nonperforming debt portfolios consisting of both consumer and small and medium-sized enterprises (SME) accounts from across the United Kingdom and mainland Europe. The Company regulates business and uses analytics to identify, acquire and manage defaulted consumer credit portfolios, primarily from banks and other financial institutions, such as credit card companies. It works with compliant servicers that offer a range of collection specialisms including, insolvency, and bankruptcy and deceased customer accounts. Its subsidiaries include Arrow Global One Limited and Arrow Global Portugal Limited.

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