Pollen Street Group’s (POLN) “Buy” Rating Reaffirmed at Panmure Gordon

Pollen Street Group (LON:POLN)‘s stock had its “buy” rating reiterated by analysts at Panmure Gordon in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 1,120 target price on the stock. Panmure Gordon’s target price indicates a potential upside of 24.44% from the stock’s previous close.

A number of other equities analysts also recently weighed in on POLN. Berenberg Bank boosted their target price on shares of Pollen Street Group from GBX 900 to GBX 1,050 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Peel Hunt restated a “buy” rating and issued a GBX 1,046 price objective on shares of Pollen Street Group in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 1,072.

Pollen Street Group Stock Performance

Pollen Street Group stock traded up GBX 6 on Wednesday, reaching GBX 900. The company’s stock had a trading volume of 49,282 shares, compared to its average volume of 123,757. The business’s fifty day moving average price is GBX 899.26 and its 200 day moving average price is GBX 840.26. The company has a market cap of £541.69 million, a price-to-earnings ratio of 10.24 and a beta of 0.22. Pollen Street Group has a twelve month low of GBX 633.98 and a twelve month high of GBX 954.

Pollen Street Group (LON:POLN) last announced its earnings results on Tuesday, September 16th. The company reported GBX 46 earnings per share for the quarter. Pollen Street Group had a return on equity of 7.94% and a net margin of 70.52%. As a group, equities analysts forecast that Pollen Street Group will post 70.0302725 earnings per share for the current year.

Pollen Street Group announced that its board has approved a share repurchase program on Wednesday, November 5th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are 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.