Polar Capital (LON:POLR) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Polar Capital Holdings plc (LON:POLR) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 811.44 and traded as low as GBX 733. Polar Capital shares last traded at GBX 750, with a volume of 411,427 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on POLR shares. Royal Bank Of Canada boosted their price objective on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft raised Polar Capital to a “buy” rating and increased their price objective for the stock from GBX 1,150 to GBX 1,200 in a research note on Friday, October 2nd. Finally, Peel Hunt reissued a “buy” rating and set a GBX 1,200 target price on shares of Polar Capital in a research report on Monday, October 12th. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,220.

Polar Capital Price Performance

The stock has a fifty day moving average price of GBX 834.84 and a 200-day moving average price of GBX 812.38. The firm has a market capitalization of £704.50 million, a PE ratio of 12.64, a P/E/G ratio of 0.79 and a beta of 0.92. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.45 and a current ratio of 2.53.

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.