Polar Capital Holdings plc (POLR) Given Average Rating of “Buy” by Brokerages
Polar Capital Holdings plc (LON:POLR) has been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 612.50 ($7.81).
A number of equities research analysts recently issued reports on POLR shares. Numis Securities lowered shares of Polar Capital to an “add” rating and upped their price objective for the company from GBX 635 ($8.10) to GBX 667 ($8.51) in a report on Wednesday, June 6th. Peel Hunt reissued a “buy” rating and issued a GBX 560 ($7.14) price objective on shares of Polar Capital in a report on Thursday, April 26th. Shore Capital upped their price objective on shares of Polar Capital from GBX 500 ($6.38) to GBX 534 ($6.81) and gave the company a “buy” rating in a report on Thursday, April 26th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 590 ($7.53) price objective on shares of Polar Capital in a report on Tuesday, June 12th.
In other Polar Capital news, insider Gavin Rochussen sold 145,000 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of GBX 681 ($8.69), for a total value of £987,450 ($1,259,663.22). Also, insider Alexa Coates bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was bought at an average cost of GBX 674 ($8.60) per share, for a total transaction of £13,480 ($17,196.07).
The business also recently announced a dividend, which was paid on Friday, July 27th. Shareholders of record on Thursday, July 5th were given a GBX 22 ($0.28) dividend. The ex-dividend date was Thursday, July 5th. This represents a yield of 3.37%. This is a boost from Polar Capital’s previous dividend of $6.00.
About Polar Capital
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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