Brokerages Set Polar Capital Holdings plc (POLR) PT at $553.75
Shares of Polar Capital Holdings plc (LON:POLR) have been given an average rating of “Hold” by the five analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 553.75 ($7.78).
A number of research analysts have recently commented on POLR shares. Numis Securities reiterated an “add” rating and issued a GBX 590 ($8.29) price objective on shares of Polar Capital in a report on Friday. Shore Capital restated a “hold” rating on shares of Polar Capital in a research note on Thursday, January 11th. Peel Hunt restated a “buy” rating and set a GBX 560 ($7.86) price objective on shares of Polar Capital in a research note on Thursday, January 11th. Canaccord Genuity restated a “buy” rating and set a GBX 555 ($7.79) price objective on shares of Polar Capital in a research note on Tuesday, December 19th. Finally, Investec restated a “hold” rating and set a GBX 510 ($7.16) price objective on shares of Polar Capital in a research note on Monday, December 11th.
In other news, insider Brian J. D. Ashford-Russell sold 375,000 shares of Polar Capital stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of GBX 518 ($7.27), for a total transaction of £1,942,500 ($2,727,847.21).
The firm also recently announced a dividend, which was paid on Friday, January 12th. Stockholders of record on Thursday, December 28th were given a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 1.16%. The ex-dividend date was Thursday, December 28th.
About Polar Capital
Polar Capital Holdings plc is an investment management company. The Company is engaged in the provision of investment management and advisory services. The Company offers professional and institutional investors a range of geographical and sector investment opportunities. The Company offers fundamental funds diversified by asset class, geographical, sectoral specialization, strategy and structure.
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