Peel Hunt Reiterates “Buy” Rating for Polar Capital (POLR)

Polar Capital (LON:POLR)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a research report issued on Thursday, November 16th. They presently have a GBX 560 ($7.54) target price on the stock. Peel Hunt’s target price suggests a potential upside of 19.15% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Numis Securities upped their target price on Polar Capital from GBX 485 ($6.53) to GBX 490 ($6.59) and gave the company a “hold” rating in a research report on Thursday, November 2nd. Shore Capital reaffirmed a “hold” rating and issued a GBX 485 ($6.53) target price on shares of Polar Capital in a research report on Friday, October 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 500 ($6.73) target price on shares of Polar Capital in a research report on Thursday, September 21st.

Shares of Polar Capital (POLR) remained flat at $GBX 470 ($6.33) on Thursday. 5,318 shares of the company traded hands, compared to its average volume of 44,438. Polar Capital has a 1-year low of GBX 277.21 ($3.73) and a 1-year high of GBX 499.75 ($6.73).

In other news, insider Win Robbins purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were acquired at an average cost of GBX 487 ($6.55) per share, with a total value of £48,700 ($65,545.09). Also, insider Tim Woolley sold 868,073 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of GBX 450 ($6.06), for a total value of £3,906,328.50 ($5,257,508.08).

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About Polar Capital

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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