Polar Capital Holdings plc (LON:POLR)’s share price shot up 9.4% during mid-day trading on Friday . The company traded as high as GBX 503.16 ($6.57) and last traded at GBX 490 ($6.40). 70,028 shares were traded during mid-day trading, an increase of 89% from the average session volume of 36,972 shares. The stock had previously closed at GBX 448 ($5.85).
A number of brokerages recently issued reports on POLR. Numis Securities reiterated an “add” rating on shares of Polar Capital in a report on Thursday, October 4th. Shore Capital increased their price target on Polar Capital from GBX 675 ($8.82) to GBX 750 ($9.80) and gave the company a “buy” rating in a research report on Monday, November 26th. Finally, Peel Hunt reissued a “buy” rating on shares of Polar Capital in a research report on Monday, November 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 654.17 ($8.55).
The business also recently declared a dividend, which will be paid on Friday, January 11th. Investors of record on Thursday, December 20th will be given a GBX 8 ($0.10) dividend. This represents a yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 20th.
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Polar Capital Company Profile (LON:POLR)
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.
Further Reading: Dividend Aristocrat Index
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