Polar Capital (POLR) Lifted to Add at Numis Securities
A number of other equities analysts also recently commented on POLR. Peel Hunt reissued a buy rating and set a GBX 560 ($7.59) price objective on shares of Polar Capital in a research report on Friday, January 5th. Canaccord Genuity boosted their price objective on Polar Capital from GBX 500 ($6.78) to GBX 555 ($7.53) and gave the stock a buy rating in a research report on Thursday, October 12th. Shore Capital reissued a hold rating and set a GBX 485 ($6.58) price objective on shares of Polar Capital in a research report on Friday, October 13th. Finally, Investec reissued a hold rating and set a GBX 510 ($6.92) price objective on shares of Polar Capital in a research report on Monday, December 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 540 ($7.32).
Shares of Polar Capital (LON POLR) traded up GBX 12 ($0.16) during trading on Thursday, hitting GBX 534 ($7.24). The stock had a trading volume of 25,748 shares, compared to its average volume of 15,917. Polar Capital has a 1-year low of GBX 300 ($4.07) and a 1-year high of GBX 564 ($7.65). The firm has a market capitalization of $483.50 and a P/E ratio of 2,670.00.
In other Polar Capital news, insider Win Robbins purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was purchased at an average cost of GBX 487 ($6.60) per share, with a total value of £48,700 ($66,042.85). Also, insider Tim Woolley sold 868,073 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of GBX 450 ($6.10), for a total value of £3,906,328.50 ($5,297,434.91).
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Polar Capital Company Profile
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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