Pollen Street Group (LON:POLN) Stock Price Down 0.4% – What’s Next?

Pollen Street Group Limited (LON:POLN)’s stock price dropped 0.4% during mid-day trading on Wednesday . The company traded as low as GBX 825 and last traded at GBX 837.73. 1,001,379 shares changed hands during trading, an increase of 217% from the average session volume of 315,406 shares. The stock had previously closed at GBX 841.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on shares of Pollen Street Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,088.67.

Pollen Street Group Stock Performance

The firm’s fifty day simple moving average is GBX 849.81 and its 200 day simple moving average is GBX 861.77. The stock has a market capitalization of £490.05 million, a P/E ratio of 8.79 and a beta of 0.01.

Pollen Street Group (LON:POLN) last issued its quarterly earnings results on Thursday, March 26th. The company reported GBX 93.70 earnings per share for the quarter. Pollen Street Group had a net margin of 53.91% and a return on equity of 9.58%. Analysts anticipate that Pollen Street Group Limited will post 70.0302725 earnings per share for the current fiscal year.

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.