Polar Capital (LON:POLR) Hits New 12-Month High – Here’s Why

Polar Capital Holdings plc (LON:POLR)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 643 and last traded at GBX 638, with a volume of 55316 shares changing hands. The stock had previously closed at GBX 632.

Wall Street Analyst Weigh In

Several brokerages have commented on POLR. Deutsche Bank Aktiengesellschaft upped their price target on Polar Capital from GBX 750 to GBX 780 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Royal Bank Of Canada increased their target price on shares of Polar Capital from GBX 650 to GBX 670 and gave the stock an “outperform” rating in a research report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 691.67.

Polar Capital Stock Down 0.5%

The stock has a 50 day simple moving average of GBX 575.55 and a 200 day simple moving average of GBX 533.02. The company has a market cap of £604.56 million, a price-to-earnings ratio of 15.80, a PEG ratio of 0.79 and a beta of 1.14.

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

Insider Transactions at Polar Capital

In other news, insider Win Robbins sold 4,995 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of GBX 623, for a total transaction of £31,118.85. 12.90% of the stock is owned by company insiders.

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.