Shore Capital Reiterates Hold Rating for Polar Capital Holdings plc (POLR)
Polar Capital Holdings plc (LON:POLR)‘s stock had its “hold” rating restated by stock analysts at Shore Capital in a research note issued on Thursday.
A number of other brokerages have also issued reports on POLR. Numis Securities Ltd upgraded shares of Polar Capital Holdings plc to a “hold” rating and dropped their price target for the stock from GBX 475 ($6.15) to GBX 420 ($5.44) in a research note on Friday, June 30th. Peel Hunt lowered shares of Polar Capital Holdings plc to an “add” rating and lifted their price target for the stock from GBX 355 ($4.60) to GBX 480 ($6.22) in a research note on Friday, June 23rd. Finally, Canaccord Genuity lifted their price target on shares of Polar Capital Holdings plc from GBX 385 ($4.99) to GBX 500 ($6.48) and gave the stock a “buy” rating in a research note on Tuesday, June 27th.
Polar Capital Holdings plc (LON:POLR) opened at 449.75 on Thursday. The stock has a 50 day moving average of GBX 419.27 and a 200 day moving average of GBX 371.58. The firm’s market cap is GBX 402.72 million. Polar Capital Holdings plc has a one year low of GBX 272.60 and a one year high of GBX 460.00.
The firm also recently disclosed a dividend, which will be paid on Friday, July 21st. Shareholders of record on Thursday, July 6th will be issued a GBX 19.50 ($0.25) dividend. This represents a yield of 4.46%. The ex-dividend date is Thursday, July 6th. This is an increase from Polar Capital Holdings plc’s previous dividend of $5.50.
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In other Polar Capital Holdings plc news, insider Tim Woolley sold 150,000 shares of Polar Capital Holdings plc stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 433 ($5.61), for a total value of £649,500 ($841,321.24).
About Polar Capital Holdings plc
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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