Polar Capital (LON:POLR) Given “Buy” Rating at Peel Hunt

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

POLR has been the subject of a number of other research reports. Royal Bank Of Canada raised their price target on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Polar Capital to a “buy” rating and boosted their price objective for the stock from GBX 1,150 to GBX 1,200 in a research report on Friday, October 2nd. 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 price target of GBX 1,220.

Polar Capital Price Performance

Shares of POLR stock opened at GBX 784 on Monday. Polar Capital has a 1 year low of GBX 508 and a 1 year high of GBX 990. The firm’s 50 day moving average is GBX 844.99 and its 200-day moving average is GBX 807. The firm has a market capitalization of £738.41 million, a price-to-earnings ratio of 13.24, a PEG 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.

Insider Activity

In related news, insider Iain Evans sold 65,070 shares of the business’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. Also, insider Samir Ayub sold 59,154 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total transaction of £521,738.28. 13.26% of the stock is currently 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.