Polar Capital (LON:POLR) Price Target Raised to GBX 670

Polar Capital (LON:POLR) had its price objective upped by Royal Bank Of Canada from GBX 650 to GBX 670 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on POLR. Deutsche Bank Aktiengesellschaft raised their price target on shares of Polar Capital from GBX 600 to GBX 625 and gave the company a “buy” rating in a report on Thursday, October 9th. Peel Hunt raised their target price on Polar Capital from GBX 510 to GBX 625 and gave the company a “buy” rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Polar Capital currently has a consensus rating of “Buy” and an average price target of GBX 681.67.

Polar Capital Stock Down 1.6%

Shares of LON POLR opened at GBX 608 on Monday. Polar Capital has a 52-week low of GBX 340.50 and a 52-week high of GBX 639. The stock has a market capitalization of £582.88 million, a price-to-earnings ratio of 15.20, a PEG ratio of 0.79 and a beta of 1.14. The stock’s fifty day simple moving average is GBX 542.07 and its 200 day simple moving average is GBX 513.54.

Polar Capital (LON:POLR) last announced its earnings results on Tuesday, November 25th. The company reported GBX 21.10 earnings per share (EPS) for the quarter. Polar Capital had a net margin of 19.65% and a return on equity of 32.10%. As a group, analysts anticipate that Polar Capital will post 42.5061425 earnings per share for the current year.

Polar Capital Company Profile

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.