Polar Capital Holdings plc (POLR) Rating Reiterated by Numis Securities Ltd

Polar Capital Holdings plc (LON:POLR)‘s stock had its “hold” rating reissued by stock analysts at Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 440 ($5.84) target price on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 2.00% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Peel Hunt downgraded Polar Capital Holdings plc to an “add” rating and boosted their target price for the stock from GBX 355 ($4.71) to GBX 480 ($6.37) in a report on Friday, June 23rd. Canaccord Genuity boosted their target price on Polar Capital Holdings plc from GBX 385 ($5.11) to GBX 500 ($6.63) and gave the stock a “buy” rating in a report on Tuesday, June 27th. Finally, Shore Capital reissued a “buy” rating on shares of Polar Capital Holdings plc in a report on Tuesday, June 27th.

Shares of Polar Capital Holdings plc (LON POLR) opened at 449.00 on Tuesday. Polar Capital Holdings plc has a 52-week low of GBX 272.60 and a 52-week high of GBX 460.00. The company has a 50-day moving average price of GBX 441.42 and a 200 day moving average price of GBX 414.90. The firm’s market capitalization is GBX 402.05 million.

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In related news, insider Tom Bartlam acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was purchased at an average price of GBX 430 ($5.70) per share, for a total transaction of £215,000 ($285,183.71).

About Polar Capital Holdings plc

Polar Capital Holdings plc is an investment management company. The Company is engaged in the provision of investment management and advisory services. The Company offers professional and institutional investors a range of geographical and sector investment opportunities. The Company offers fundamental funds diversified by asset class, geographical, sectoral specialization, strategy and structure.

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