Polar Capital (LON:POLR) Earns “Buy” Rating from Peel Hunt

Polar Capital (LON:POLR)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research note issued on Monday, Digital Look reports. They presently have a GBX 1,200 price target on the stock. Peel Hunt’s price target suggests a potential upside of 50.19% from the company’s previous close.

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

Polar Capital Price Performance

Shares of Polar Capital stock opened at GBX 799 on Monday. The company has a quick ratio of 2.45, a current ratio of 2.53 and a debt-to-equity ratio of 2.69. The stock’s 50-day simple moving average is GBX 845.76 and its 200-day simple moving average is GBX 805.82. Polar Capital has a 52 week low of GBX 508 and a 52 week high of GBX 990. The company has a market capitalization of £752.54 million, a price-to-earnings ratio of 13.50, a PEG ratio of 0.79 and a beta of 0.92.

Insider Activity

In related news, insider Iain Evans sold 65,070 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total transaction of £573,917.40. Also, 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. Company 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.