Polar Capital (LON:POLR) Shares Cross Above 200-Day Moving Average – What’s Next?

Polar Capital Holdings plc (LON:POLR) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 719.84 and traded as high as GBX 888. Polar Capital shares last traded at GBX 840, with a volume of 639,871 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on POLR shares. Deutsche Bank Aktiengesellschaft raised their price objective on Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised their target price on Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,045.

Polar Capital Stock Up 0.4%

The firm has a market cap of £747.84 million, a P/E ratio of 13.41, a PEG ratio of 0.79 and a beta of 0.93. The firm’s 50-day moving average price is GBX 860.90 and its 200 day moving average price is GBX 721.57. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.53 and a quick ratio of 2.45.

Polar Capital (LON:POLR) last issued its earnings results on Wednesday, July 1st. The company reported GBX 59.20 earnings per share for the quarter. Polar Capital had a net margin of 21.43% and a return on equity of 42.37%. On average, equities research analysts expect that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current fiscal year.

Insider Transactions at Polar Capital

In other news, insider Iain Evans sold 65,070 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total value of £573,917.40. Also, insider Samir Ayub sold 59,154 shares of the firm’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £521,738.28. 12.94% of the stock is owned by 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.