Polar Capital Holdings plc (POLR) Price Target Raised to GBX 555 at Canaccord Genuity
Polar Capital Holdings plc (LON:POLR) had its price target raised by Canaccord Genuity from GBX 500 ($6.57) to GBX 555 ($7.30) in a research report sent to investors on Thursday. Canaccord Genuity currently has a buy rating on the stock.
A number of other brokerages have also recently commented on POLR. Numis Securities Ltd restated a hold rating and issued a GBX 415 ($5.46) price target on shares of Polar Capital Holdings plc in a research report on Thursday, July 13th. Peel Hunt cut Polar Capital Holdings plc to an add rating and upped their price target for the stock from GBX 355 ($4.67) to GBX 480 ($6.31) in a research report on Friday, June 23rd. Finally, Shore Capital cut Polar Capital Holdings plc to a hold rating in a research report on Monday, July 3rd.
Shares of Polar Capital Holdings plc (LON POLR) traded up 0.05% during trading on Thursday, hitting GBX 490.00. The company had a trading volume of 8,856 shares. The company’s 50 day moving average is GBX 449.43 and its 200 day moving average is GBX 420.09. Polar Capital Holdings plc has a 1-year low of GBX 272.60 and a 1-year high of GBX 499.96. The firm’s market capitalization is GBX 438.76 million.
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In related news, insider Tom Bartlam acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was acquired at an average price of GBX 430 ($5.65) per share, with a total value of £215,000 ($282,671.58). Also, insider Hugh Aldous acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was bought at an average cost of GBX 500 ($6.57) per share, with a total value of £50,000 ($65,737.58).
About Polar Capital Holdings plc
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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