Polar Capital (LON:POLR) Sets New 1-Year High – Here’s What Happened

Polar Capital Holdings plc (LON:POLRGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 650 and last traded at GBX 650, with a volume of 228109 shares traded. The stock had previously closed at GBX 636.

Analyst Ratings Changes

A number of analysts have recently issued reports on POLR shares. Deutsche Bank Aktiengesellschaft raised their price objective on Polar Capital from GBX 750 to GBX 780 and gave the company a “buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada increased their price target on Polar Capital from GBX 650 to GBX 670 and gave the company an “outperform” rating in a research note on Monday, January 19th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Polar Capital has an average rating of “Buy” and an average target price of GBX 691.67.

Check Out Our Latest Stock Analysis on Polar Capital

Polar Capital Trading Up 2.0%

The stock has a 50 day simple moving average of GBX 588.64 and a 200 day simple moving average of GBX 538.78. The stock has a market cap of £620.83 million, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14.

Polar Capital (LON:POLRGet Free Report) last released its earnings results on Tuesday, November 25th. The company reported GBX 21.10 earnings per share (EPS) for the quarter. Polar Capital had a return on equity of 32.10% and a net margin of 19.65%. Equities analysts anticipate that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current year.

Insider Buying and Selling

In other Polar Capital news, insider Win Robbins sold 4,995 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of GBX 623, for a total value of £31,118.85. 12.90% of the stock is currently owned by corporate insiders.

About Polar Capital

(Get Free Report)

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in 2001 and is based in London, United Kingdom.

Further Reading

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