Polar Capital (LON:POLR) was upgraded by research analysts at Numis Securities to an “add” rating in a research report issued to clients and investors on Thursday, January 11th. The brokerage presently has a GBX 590 ($8.27) target price on the stock. Numis Securities’ price objective indicates a potential upside of 23.43% from the stock’s previous close.
POLR has been the topic of several other reports. Peel Hunt reissued a “buy” rating and issued a GBX 560 ($7.85) price target on shares of Polar Capital in a report on Thursday, December 14th. Canaccord Genuity increased their target price on shares of Polar Capital from GBX 500 ($7.01) to GBX 555 ($7.78) and gave the stock a “buy” rating in a research report on Thursday, October 12th. Shore Capital restated a “hold” rating and set a GBX 485 ($6.80) target price on shares of Polar Capital in a research report on Friday, October 13th. Finally, Investec reiterated a “hold” rating and set a GBX 510 ($7.15) price target on shares of Polar Capital in a research report on Monday, December 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Polar Capital currently has a consensus rating of “Hold” and an average price target of GBX 540 ($7.57).
Polar Capital (LON POLR) traded down GBX 13 ($0.18) during trading on Thursday, reaching GBX 478 ($6.70). 63,016 shares of the company’s stock traded hands, compared to its average volume of 30,832. The company has a market cap of $446.20 and a PE ratio of 2,390.00. Polar Capital has a 52-week low of GBX 329 ($4.61) and a 52-week high of GBX 564 ($7.91).
In other Polar Capital 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 shares were sold at an average price of GBX 518 ($7.26), for a total value of £1,942,500 ($2,723,639.93).
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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.
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