Polar Capital (POLR) Receives “Buy” Rating from Canaccord Genuity
A number of other equities analysts have also commented on POLR. Numis Securities lifted their price objective on Polar Capital from GBX 415 ($5.59) to GBX 440 ($5.92) and gave the stock a hold rating in a research note on Friday, September 1st. Shore Capital reaffirmed a hold rating on shares of Polar Capital in a research note on Tuesday, August 15th. Finally, Peel Hunt raised Polar Capital to a buy rating and lifted their price objective for the stock from GBX 480 ($6.46) to GBX 560 ($7.54) in a research note on Thursday, October 12th.
Polar Capital (POLR) traded up GBX 6 ($0.08) during trading hours on Wednesday, hitting GBX 490 ($6.59). 4,342 shares of the company’s stock traded hands, compared to its average volume of 43,092. Polar Capital has a fifty-two week low of GBX 280 ($3.77) and a fifty-two week high of GBX 499.75 ($6.73).
In other Polar Capital news, insider Hugh Aldous purchased 10,000 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were purchased at an average cost of GBX 500 ($6.73) per share, with a total value of £50,000 ($67,294.75). Also, insider Tim Woolley sold 868,073 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of GBX 450 ($6.06), for a total value of £3,906,328.50 ($5,257,508.08).
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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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