Analyst Rating Update on ARRIS Group (ARRS)

ARRIS Group (NASDAQ:ARRS) has an average broker rating of 1.29, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

ARRIS Group (NASDAQ:ARRS) stock is expected to deviate a maximum of $3.76 from the average target price of $34.17 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $30.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Jefferies assumes its rating on ARRIS Group (NASDAQ:ARRS).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Jefferies announces the price target of $31 per share. The rating by the firm was issued on June 10, 2016.

ARRIS Group (NASDAQ:ARRS): stock turned positive on Tuesday. Though the stock opened at $20.44, the bulls momentum made the stock top out at $20.84 level for the day. The stock recorded a low of $20.05 and closed the trading day at $20.37, in the green by 0.34%. The total traded volume for the day was 1,757,173. The stock had closed at $20.3 in the previous days trading.

In an insider trading activity, Brennan James R, (SVP, GLOBAL SUPPLY CHAIN) of Arris International Plc, unloaded 8,500 shares at an average price of $25.88 on May 5, 2016. The total amount of the transaction was worth $219,980, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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