Polar Capital (LON:POLR) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Polar Capital Holdings plc (LON:POLR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 544.72 and traded as high as GBX 646. Polar Capital shares last traded at GBX 633, with a volume of 143,494 shares.

Analysts Set New Price Targets

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

Polar Capital Stock Up 1.0%

The stock has a market capitalization of £611.74 million, a price-to-earnings ratio of 15.99, a P/E/G ratio of 0.79 and a beta of 0.94. The stock has a fifty day moving average of GBX 601.94 and a 200-day moving average of GBX 544.72.

Insider Activity

In related news, insider Win Robbins sold 4,995 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of GBX 623, for a total value of £31,118.85. Insiders own 12.90% of the company’s stock.

About Polar Capital

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.