Polar Capital’s (POLR) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Polar Capital (LON:POLR) in a research note released on Friday,Digital Look reports. They currently have a GBX 1,100 price target on the stock.

Separately, Royal Bank Of Canada upped their price target on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 995.

Polar Capital Trading Down 0.4%

Shares of POLR stock opened at GBX 862.16 on Friday. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.53 and a quick ratio of 2.45. The firm has a market cap of £812.03 million, a P/E ratio of 14.56, a PEG ratio of 0.79 and a beta of 0.91. Polar Capital has a 1-year low of GBX 435.50 and a 1-year high of GBX 990. The firm’s 50-day simple moving average is GBX 873.71 and its 200-day simple moving average is GBX 768.65.

Polar Capital (LON:POLR) last issued its earnings results on Wednesday, July 1st. The company reported GBX 59.20 earnings per share for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. As a group, equities analysts forecast that Polar Capital will post 42.5061425 EPS for the current year.

Insiders Place Their Bets

In related news, insider Samir Ayub sold 59,154 shares of the company’s stock in a transaction on Friday, July 17th. The stock was 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 the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £573,917.40. 12.94% of the stock is owned by corporate 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.