Polar Capital (LON:POLR) Hits New 52-Week High – Time to Buy?

Polar Capital Holdings plc (LON:POLR)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 751 and last traded at GBX 748, with a volume of 52948 shares trading hands. The stock had previously closed at GBX 705.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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 reaffirmed an “outperform” rating and issued a GBX 670 price objective on shares of Polar Capital in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Polar Capital presently has an average rating of “Buy” and a consensus target price of GBX 691.67.

Polar Capital Stock Up 5.8%

The stock’s 50-day moving average is GBX 643.49 and its 200 day moving average is GBX 593.40. The stock has a market capitalization of £707.40 million, a PE ratio of 18.65, a P/E/G ratio of 0.79 and a beta of 0.88.

Insider Buying and Selling

In other Polar Capital news, insider Win Robbins sold 4,995 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of GBX 623, for a total value of £31,118.85. Insiders own 12.94% of the company’s stock.

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.