Polar Capital (LON:POLR) Stock Rating Reaffirmed as Buy by Peel Hunt

Polar Capital (LON:POLR)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research report issued on Monday, Digital Look reports. They currently have a GBX 1,200 target price on the stock. Peel Hunt’s price objective suggests a potential upside of 53.06% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised shares of Polar Capital to a “buy” rating and upped their target price for the company from GBX 1,150 to GBX 1,200 in a research report on Friday, October 2nd. Royal Bank Of Canada lifted their target price on Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Polar Capital has an average rating of “Buy” and a consensus target price of GBX 1,220.

Polar Capital Stock Performance

LON POLR opened at GBX 784 on Monday. The stock has a market cap of £738.41 million, a PE ratio of 13.24, a P/E/G ratio of 0.79 and a beta of 0.92. The company has a current ratio of 2.53, a quick ratio of 2.45 and a debt-to-equity ratio of 2.69. Polar Capital has a twelve month low of GBX 508 and a twelve month high of GBX 990. The stock has a fifty day simple moving average of GBX 844.99 and a 200-day simple moving average of GBX 807.

Insiders Place Their Bets

In other news, insider Samir Ayub sold 59,154 shares of Polar Capital stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £521,738.28. Also, insider Iain Evans sold 65,070 shares of Polar Capital stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total transaction of £573,917.40. 13.26% of the stock is currently owned by company insiders.

Polar Capital Company Profile

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.