Polar Capital (POLR) Given “Add” Rating at Numis Securities

Numis Securities reiterated their add rating on shares of Polar Capital (LON:POLR) in a research report released on Friday morning. Numis Securities currently has a GBX 590 ($8.29) price objective on the stock.

POLR has been the subject of a number of other reports. Peel Hunt reissued a buy rating and set a GBX 560 ($7.86) price target on shares of Polar Capital in a research note on Thursday, December 14th. Canaccord Genuity raised their price target on Polar Capital from GBX 500 ($7.02) to GBX 555 ($7.79) and gave the stock a buy rating in a research note on Thursday, October 12th. Shore Capital reissued a hold rating and set a GBX 485 ($6.81) price target on shares of Polar Capital in a research note on Friday, October 13th. Finally, Investec reissued a hold rating and set a GBX 510 ($7.16) price target on shares of Polar Capital in a research note on Monday, December 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 540 ($7.58).

Shares of Polar Capital (LON:POLR) opened at GBX 491 ($6.90) on Friday. The stock has a market capitalization of $458.33 and a P/E ratio of 2,455.00. Polar Capital has a one year low of GBX 329 ($4.62) and a one year high of GBX 564 ($7.92).

The firm also recently declared a dividend, which was paid on Friday, January 12th. Investors of record on Thursday, December 28th were paid a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, December 28th.

In related news, insider Brian J. D. Ashford-Russell sold 375,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of GBX 518 ($7.27), for a total transaction of £1,942,500 ($2,727,847.21).

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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.

Analyst Recommendations for Polar Capital (LON:POLR)

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