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 Wednesday. They currently have a GBX 1,350 ($20.08) price objective on the stock. Numis Securities Ltd’s price target indicates a potential upside of 23.29% from the stock’s previous close.
ARM Holdings plc (LON:ARM) traded down 0.90% during mid-day trading on Wednesday, hitting GBX 1095.00. 4,728,118 shares of the company’s stock traded hands. ARM Holdings plc has a 52-week low of GBX 778.50 and a 52-week high of GBX 1211.00. The stock’s 50-day moving average is GBX 1140. and its 200-day moving average is GBX 987.. The company’s market cap is £15.38 billion.
A number of other analysts have also recently weighed in on ARM. Analysts at Goldman Sachs reiterated a “buy” rating and set a GBX 1,550 ($23.06) price target on shares of ARM Holdings plc in a research note on Tuesday. Analysts at Societe Generale reiterated a “sell” rating and set a GBX 810 ($12.05) price target on shares of ARM Holdings plc in a research note on Monday. Analysts at BNP Paribas reiterated an “outperform” rating and set a GBX 1,300 ($19.34) price target on shares of ARM Holdings plc in a research note on Friday, March 27th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating and set a GBX 1,315 ($19.56) price target (down previously from GBX 1,350 ($20.08)) on shares of ARM Holdings plc in a research note on Friday, March 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 1,220.83 ($18.16).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools. As of December 31, 2012, the Company operated in three business segments: the Processor Division (PD), the Physical IP Division (PIPD) and the System Design Division (SDD).
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