Polar Capital (LON:POLR) Reaches New 52-Week High – Should You Buy?

Polar Capital Holdings plc (LON:POLR)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 775 and last traded at GBX 764, with a volume of 305906 shares trading hands. The stock had previously closed at GBX 744.

Wall Street Analyst Weigh In

POLR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Polar Capital from GBX 900 to GBX 1,050 and gave the stock a “buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 670 target price on shares of Polar Capital in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 781.67.

Polar Capital Trading Up 3.4%

The business’s 50-day moving average is GBX 652.93 and its two-hundred day moving average is GBX 599.45. The firm has a market cap of £728.77 million, a P/E ratio of 19.23, a P/E/G ratio of 0.79 and a beta of 0.90.

Insider Buying and Selling

In related news, insider Win Robbins sold 4,995 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of GBX 623, for a total value of £31,118.85. 12.94% of the stock is currently owned by corporate insiders.

About Polar Capital

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund 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 2001 and is based in London, United Kingdom.