Polar Capital (LON:POLR) Hits New 52-Week High – Here’s What Happened

Polar Capital Holdings plc (LON:POLR) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 702 and last traded at GBX 695, with a volume of 1057450 shares trading hands. The stock had previously closed at GBX 635.

Analyst Ratings Changes

A number of research analysts have recently commented on POLR shares. Deutsche Bank Aktiengesellschaft raised their target price on Polar Capital from GBX 750 to GBX 780 and gave the company a “buy” rating in a research note on Monday, February 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 670 target price on shares of Polar Capital in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 691.67.

Polar Capital Price Performance

The stock has a 50 day simple moving average of GBX 625.72 and a 200-day simple moving average of GBX 576.05. The firm has a market cap of £655.42 million, a PE ratio of 17.28, a PEG ratio of 0.79 and a beta of 0.88.

Insider Transactions at Polar Capital

In other Polar Capital news, insider Win Robbins sold 4,995 shares of Polar Capital stock in a transaction on Thursday, February 12th. The stock was sold at an average price of GBX 623, for a total transaction 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.