Polar Capital (LON:POLR) was upgraded by stock analysts at Shore Capital to a “buy” rating in a report issued on Thursday.
Other equities research analysts also recently issued reports about the company. Numis Securities reaffirmed a “hold” rating and set a GBX 707 ($9.24) price target on shares of Polar Capital in a report on Thursday, July 12th. Peel Hunt reaffirmed a “buy” rating and set a GBX 760 ($9.93) price target on shares of Polar Capital in a report on Thursday, July 12th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 590 ($7.71) price target on shares of Polar Capital in a report on Monday, June 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 618.17 ($8.08).
Shares of LON POLR opened at GBX 594 ($7.76) on Thursday. Polar Capital has a 1-year low of GBX 329 ($4.30) and a 1-year high of GBX 564 ($7.37).
In other Polar Capital news, insider Gavin Rochussen sold 145,000 shares of the firm’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of GBX 681 ($8.90), for a total value of £987,450 ($1,290,278.32). Also, insider Alexa Coates bought 2,000 shares of Polar Capital stock in a transaction on Tuesday, July 31st. The stock was acquired at an average cost of GBX 674 ($8.81) per share, with a total value of £13,480 ($17,614.01).
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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