Polar Capital (LON:POLR) Given Buy Rating at Peel Hunt

Peel Hunt restated their buy rating on shares of Polar Capital (LON:POLR) in a report issued on Monday,Digital Look reports. The firm currently has a GBX 1,200 price target on the stock.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Polar Capital to a “buy” rating and upped their target price for the stock from GBX 1,150 to GBX 1,200 in a research note on Friday, October 2nd. Royal Bank Of Canada raised their target price on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Polar Capital has an average rating of “Buy” and an average target price of GBX 1,220.

Polar Capital Price Performance

POLR stock opened at GBX 792 on Monday. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.53 and a quick ratio of 2.45. The firm has a market capitalization of £745.95 million, a P/E ratio of 13.38, a P/E/G ratio of 0.79 and a beta of 0.92. The business’s 50-day moving average is GBX 845.76 and its two-hundred day moving average is GBX 805.82. Polar Capital has a 1 year low of GBX 508 and a 1 year high of GBX 990.

Insider Transactions at Polar Capital

In related news, insider Samir Ayub sold 59,154 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was 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 the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total value of £573,917.40. Corporate insiders own 13.26% 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.