Polar Capital (LON:POLR) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Polar Capital Holdings plc (LON:POLR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 751.65 and traded as high as GBX 867. Polar Capital shares last traded at GBX 852.89, with a volume of 185,782 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on POLR. Royal Bank Of Canada raised their price objective on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft cut their target price on Polar Capital from GBX 1,200 to GBX 1,100 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Polar Capital currently has a consensus rating of “Buy” and an average target price of GBX 995.

Polar Capital Stock Performance

The firm has a market capitalization of £804.07 million, a P/E ratio of 14.41, a P/E/G ratio of 0.79 and a beta of 0.91. The firm has a 50-day moving average price of GBX 869.76 and a two-hundred day moving average price of GBX 751.65. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.53 and a quick ratio of 2.45.

Polar Capital (LON:POLR) last posted its quarterly earnings results on Wednesday, July 1st. The company reported GBX 59.20 EPS for the quarter. Polar Capital had a net margin of 21.43% and a return on equity of 42.37%. On average, analysts forecast that Polar Capital Holdings plc will post 42.5061425 EPS for the current fiscal year.

Insider Activity

In other news, insider Samir Ayub sold 59,154 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £521,738.28. Also, insider Iain Evans sold 65,070 shares of Polar Capital stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £573,917.40. 13.26% of the stock is owned by insiders.

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.