Polar Capital (LON:POLR) Posts Quarterly Earnings Results

Polar Capital (LON:POLR) released its quarterly earnings data on Wednesday. The company reported GBX 59.20 EPS for the quarter, Digital Look Earnings reports. Polar Capital had a net margin of 16.62% and a return on equity of 30.00%.

Polar Capital Stock Up 1.4%

Shares of POLR stock opened at GBX 975.28 on Friday. Polar Capital has a 12-month low of GBX 435 and a 12-month high of GBX 978. The firm has a fifty day moving average of GBX 798.24 and a 200-day moving average of GBX 673.50. The company has a market capitalization of £921.78 million, a price-to-earnings ratio of 24.38, a P/E/G ratio of 0.79 and a beta of 1.59.

Wall Street Analysts Forecast Growth

POLR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a report on Monday, June 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 670 price target on shares of Polar Capital in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 848.33.

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.