Royal Bank Of Canada Issues Positive Forecast for Polar Capital (LON:POLR) Stock Price

Polar Capital (LON:POLR) had its target price upped by equities research analysts at Royal Bank Of Canada from GBX 670 to GBX 1,260 in a research report issued on Monday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 29.22% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,045.

Polar Capital Stock Performance

Shares of POLR opened at GBX 975.05 on Monday. Polar Capital has a 52-week low of GBX 435 and a 52-week high of GBX 980. The stock’s 50-day simple moving average is GBX 803.64 and its 200 day simple moving average is GBX 676.70. The stock has a market capitalization of £921.55 million, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93.

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

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.