Pollen Street Group (LON:POLN) Shares Down 0.4% – Should You Sell?

Shares of Pollen Street Group Limited (LON:POLN) traded down 0.4% on Friday . The stock traded as low as GBX 924 and last traded at GBX 930. 60,613 shares were traded during mid-day trading, a decline of 51% from the average session volume of 123,846 shares. The stock had previously closed at GBX 934.

Wall Street Analyst Weigh In

POLN has been the subject of several recent research reports. Berenberg Bank boosted their target price on shares of Pollen Street Group from GBX 900 to GBX 1,050 and gave the company a “buy” rating in a report on Wednesday, September 17th. Panmure Gordon reiterated a “buy” rating and issued a GBX 1,120 price target on shares of Pollen Street Group in a research note on Wednesday, November 19th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,046 price objective on shares of Pollen Street Group in a report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 1,072.

Pollen Street Group Stock Performance

The stock has a market cap of £559.66 million, a PE ratio of 10.58 and a beta of 0.22. The firm has a 50-day moving average price of GBX 908.86 and a 200-day moving average price of GBX 864.34.

Pollen Street Group (LON:POLN) last announced its quarterly earnings data on Tuesday, September 16th. The company reported GBX 46 EPS for the quarter. Pollen Street Group had a net margin of 70.52% and a return on equity of 7.94%. As a group, sell-side analysts anticipate that Pollen Street Group Limited will post 70.0302725 EPS for the current fiscal year.

Pollen Street Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 5th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Pollen Street Group Company Profile

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.