Polar Capital (LON:POLR) Given New GBX 670 Price Target at Royal Bank Of Canada

Polar Capital (LON:POLR) had its price target hoisted by stock analysts at Royal Bank Of Canada from GBX 650 to GBX 670 in a report released on Monday,Digital Look reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 7.54% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. Peel Hunt boosted their target price on Polar Capital from GBX 510 to GBX 625 and gave the stock a “buy” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Polar Capital from GBX 600 to GBX 625 and gave the stock a “buy” rating in a report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 681.67.

Polar Capital Price Performance

Shares of LON POLR traded down GBX 2 during trading on Monday, hitting GBX 623. The stock had a trading volume of 1,140,456 shares, compared to its average volume of 533,020. The firm has a fifty day moving average of GBX 538.97 and a two-hundred day moving average of GBX 511. The company has a market capitalization of £597.26 million, a PE ratio of 15.58, a PEG ratio of 0.79 and a beta of 1.14. Polar Capital has a 12 month low of GBX 340.50 and a 12 month high of GBX 639.

Polar Capital (LON:POLR) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX 21.10 earnings per share for the quarter. Polar Capital had a net margin of 19.65% and a return on equity of 32.10%. On average, equities analysts expect that Polar Capital will post 42.5061425 earnings per share for the current fiscal year.

About Polar Capital

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in 2001 and is based in London, United Kingdom.