Polar Capital (LON:POLR) Reaches New 52-Week High – Here’s What Happened

Polar Capital Holdings plc (LON:POLR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 655 and last traded at GBX 655, with a volume of 82501 shares changing hands. The stock had previously closed at GBX 613.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on POLR shares. 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. Deutsche Bank Aktiengesellschaft increased their price target on Polar Capital from GBX 750 to GBX 780 and gave the company a “buy” rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Polar Capital currently has an average rating of “Buy” and a consensus price target of GBX 691.67.

Polar Capital Trading Up 7.1%

The firm has a market capitalization of £622.77 million, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.94. The company has a 50-day moving average of GBX 621.82 and a 200-day moving average of GBX 570.84.

Insider Transactions at Polar Capital

In related news, insider Win Robbins sold 4,995 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of GBX 623, for a total transaction of £31,118.85. 12.94% of the stock is currently owned by corporate insiders.

Polar Capital Company Profile

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.