Peel Hunt reaffirmed their buy rating on shares of Polar Capital (LON:POLR) in a research report released on Thursday morning. Peel Hunt currently has a GBX 560 ($7.59) target price on the stock.
A number of other analysts have also recently weighed in on the company. Numis Securities raised Polar Capital to an add rating and set a GBX 590 ($8.00) price objective for the company in a research report on Thursday. Canaccord Genuity reissued a buy rating and issued a GBX 555 ($7.53) price objective on shares of Polar Capital in a research report on Tuesday, December 19th. Investec reissued a hold rating and issued a GBX 510 ($6.92) price objective on shares of Polar Capital in a research report on Monday, December 11th. Finally, Shore Capital reissued a hold rating on shares of Polar Capital in a research report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 540 ($7.32).
Polar Capital (LON POLR) traded up GBX 12 ($0.16) during trading on Thursday, hitting GBX 534 ($7.24). The stock had a trading volume of 25,748 shares, compared to its average volume of 15,917. The firm has a market cap of $483.50 and a PE ratio of 2,670.00. Polar Capital has a 52-week low of GBX 300 ($4.07) and a 52-week high of GBX 564 ($7.65).
The company also recently declared a dividend, which was paid on Friday, January 12th. Shareholders of record on Thursday, December 28th were given a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a yield of 1.16%.
In other news, insider Win Robbins purchased 10,000 shares of the stock in a transaction on Wednesday, October 18th. The stock was bought at an average price of GBX 487 ($6.60) per share, with a total value of £48,700 ($66,042.85). Also, insider Tim Woolley sold 868,073 shares of Polar Capital stock in a transaction dated Friday, October 20th. The stock was sold at an average price of GBX 450 ($6.10), for a total value of £3,906,328.50 ($5,297,434.91).
WARNING: “Polar Capital (POLR) Earns Buy Rating from Peel Hunt” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/14/polar-capital-polr-earns-buy-rating-from-peel-hunt.html.
Polar Capital Company Profile
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.
Receive News & Ratings for Polar Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polar Capital and related companies with MarketBeat.com's FREE daily email newsletter.