Polar Capital Holdings plc (LON:POLR)‘s stock had its “add” rating reissued by research analysts at Peel Hunt in a research note issued to investors on Thursday. They presently have a GBX 480 ($6.22) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 11.89% from the stock’s previous close.
Several other research firms have also issued reports on POLR. Shore Capital reiterated a “buy” rating on shares of Polar Capital Holdings plc in a research note on Tuesday, June 27th. Numis Securities Ltd upgraded Polar Capital Holdings plc to a “hold” rating and dropped their price objective for the stock from GBX 475 ($6.15) to GBX 420 ($5.44) in a research note on Friday, June 30th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 385 ($4.99) price objective on shares of Polar Capital Holdings plc in a research note on Thursday, March 30th.
Polar Capital Holdings plc (POLR) opened at 449.75 on Thursday. The stock’s 50 day moving average is GBX 419.27 and its 200 day moving average is GBX 371.58. Polar Capital Holdings plc has a one year low of GBX 272.60 and a one year high of GBX 460.00. The firm’s market cap is GBX 402.72 million.
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The firm also recently announced a dividend, which will be paid on Friday, July 21st. Stockholders of record on Thursday, July 6th will be issued a dividend of GBX 19.50 ($0.25) per share. This represents a dividend yield of 4.46%. The ex-dividend date is Thursday, July 6th. This is a boost from Polar Capital Holdings plc’s previous dividend of $5.50.
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In other news, insider Tim Woolley sold 150,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of GBX 433 ($5.61), for a total transaction of £649,500 ($841,321.24).
About Polar Capital Holdings plc
Polar Capital Holdings plc is an investment management company. The Company is engaged in the provision of investment management and advisory services. The Company offers professional and institutional investors a range of geographical and sector investment opportunities. The Company offers fundamental funds diversified by asset class, geographical, sectoral specialization, strategy and structure.
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