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

Panmure Gordon reiterated their buy rating on shares of Pollen Street Group (LON:POLN) in a research note published on Wednesday morning, MarketBeat Ratings reports. Panmure Gordon currently has a GBX 1,120 price objective on the stock.

A number of other equities analysts also recently commented on the stock. 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 reaffirmed a “buy” rating and set a GBX 1,046 price objective on shares of Pollen Street Group in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Pollen Street Group has a consensus rating of “Buy” and an average target price of GBX 1,072.

Pollen Street Group Stock Performance

Shares of Pollen Street Group stock opened at GBX 906 on Wednesday. The business has a 50-day simple moving average of GBX 899.62 and a 200-day simple moving average of GBX 842.13. The company has a market cap of £545.30 million, a PE ratio of 10.31 and a beta of 0.22. Pollen Street Group has a one year low of GBX 633.98 and a one year high of GBX 954.

Pollen Street Group (LON:POLN) last issued its quarterly earnings results on Tuesday, September 16th. The company reported GBX 46 earnings per share (EPS) for the quarter. Pollen Street Group had a net margin of 70.52% and a return on equity of 7.94%. On average, sell-side analysts predict that Pollen Street Group will post 70.0302725 earnings per share for the current fiscal year.

Pollen Street Group announced that its Board of Directors has authorized a share buyback 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. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

About Pollen Street Group

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.