Analyst Price Target Update on ARRIS Group (NASDAQ:ARRS)

ARRIS Group (NASDAQ:ARRS): 5 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $33 in ARRIS Group (NASDAQ:ARRS). However, the stock price could fluctuate by $ 2.74 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $37 price target with the lower price estimate is calculated at $30

Many analysts have stated their opinion on the company shares. Jefferies assumes its view on ARRIS Group (NASDAQ:ARRS) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Jefferies announces the current price target of $31 per share on ARRIS Group . The rating by the firm was issued on June 10, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The (SVP, GLOBAL SUPPLY CHAIN), of Arris International Plc, Brennan James R had unloaded 8,500 shares at $25.88 per share in a transaction on May 5, 2016. The total value of transaction was $219,980. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

ARRIS Group (NASDAQ:ARRS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.49 points or 2.08% at $23.1 with 1,000,164 shares getting traded. Post opening the session at $23.41, the shares hit an intraday low of $23.075 and an intraday high of $23.67 and the price was in this range throughout the day. The company has a market cap of $4,387 million and the number of outstanding shares have been calculated to be 189,923,670 shares. The 52-week high of ARRIS Group (NASDAQ:ARRS) is $32.93 and the 52-week low is $20.27.

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