ARM Holdings plc Stock Rating Reaffirmed by Numis Securities Ltd (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday. They currently have a GBX 1,150 ($19.08) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 18.43% from the stock’s previous close.
ARM Holdings plc (LON:ARM) opened at 974.28 on Monday. ARM Holdings plc has a one year low of GBX 810.9999 and a one year high of GBX 1112.00. The stock’s 50-day moving average is GBX 885.3 and its 200-day moving average is GBX 922.8. The company’s market cap is £13.724 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be given a dividend of GBX 2.52 ($0.04) per share. This represents a yield of 0.29%. The ex-dividend date is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Friday. They now have a GBX 725 ($12.03) price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of ARM Holdings plc in a research note on Friday, August 22nd. They now have a GBX 900 ($14.94) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 824.14 ($13.68).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
Stay on top of analysts' coverage of ARM Holdings plc with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.