Numis Securities upgraded shares of Polar Capital (LON:POLR) to an add rating in a research report sent to investors on Thursday morning. The firm currently has GBX 590 ($8.00) price objective on the stock.
Several other brokerages also recently weighed in on POLR. Canaccord Genuity reiterated a buy rating and set a GBX 500 ($6.78) target price on shares of Polar Capital in a research note on Thursday, September 21st. Peel Hunt upgraded shares of Polar Capital to a buy rating and raised their price objective for the company from GBX 480 ($6.51) to GBX 560 ($7.59) in a research report on Thursday, October 12th. Investec restated 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 restated 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 company. Polar Capital presently has an average rating of Hold and an average price target of GBX 540 ($7.32).
Shares of Polar Capital (LON POLR) traded up GBX 12 ($0.16) on Thursday, hitting GBX 534 ($7.24). 25,748 shares of the stock traded hands, compared to its average volume of 15,917. Polar Capital has a twelve month low of GBX 300 ($4.07) and a twelve month high of GBX 564 ($7.65). The firm has a market capitalization of $483.50 and a P/E ratio of 2,670.00.
The company also recently disclosed a dividend, which was paid on Friday, January 12th. Investors of record on Thursday, December 28th were given a GBX 6 ($0.08) dividend. The ex-dividend date was Thursday, December 28th. This represents a yield of 1.16%.
In related news, insider Win Robbins bought 10,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was bought at an average cost 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 the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of GBX 450 ($6.10), for a total transaction of £3,906,328.50 ($5,297,434.91).
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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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