Shares of Polar Capital (LON:POLR) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,250 ($16.77) and last traded at GBX 614 ($8.24), with a volume of 135680 shares. The stock had previously closed at GBX 608 ($8.16).
Several analysts have commented on the stock. Shore Capital dropped their target price on shares of Polar Capital from GBX 550 ($7.38) to GBX 500 ($6.71) and set a “buy” rating on the stock in a report on Thursday, April 12th. Numis Securities dropped their target price on shares of Polar Capital from GBX 600 ($8.05) to GBX 585 ($7.85) and set an “add” rating on the stock in a report on Thursday, April 12th. Peel Hunt restated a “buy” rating and set a GBX 560 ($7.51) target price on shares of Polar Capital in a report on Thursday, April 26th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 590 ($7.92) target price on shares of Polar Capital in a report on Monday, March 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Polar Capital has a consensus rating of “Buy” and an average price target of GBX 564 ($7.57).
In related news, insider John Mansell bought 20,044 shares of the company’s stock in a transaction on Wednesday, May 9th. The shares were purchased at an average cost of GBX 539 ($7.23) per share, for a total transaction of £108,037.16 ($144,957.95).
Polar Capital Company Profile
Polar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.
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