Polar Capital (LON:POLR) Hits New 1-Year High After Analyst Upgrade

Shares of Polar Capital Holdings plc (LON:POLR) reached a new 52-week high on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 750 to GBX 780. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Polar Capital traded as high as GBX 639 and last traded at GBX 639, with a volume of 1733433 shares. The stock had previously closed at GBX 626.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada raised their price target on Polar Capital from GBX 650 to GBX 670 and gave the stock an “outperform” rating in a research note on Monday, January 19th. Peel Hunt increased their target price on Polar Capital from GBX 510 to GBX 625 and gave the stock a “buy” rating in a research note on Friday, October 10th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 691.67.

Polar Capital Price Performance

The firm has a fifty day moving average of GBX 553.79 and a two-hundred day moving average of GBX 520.86. The stock has a market capitalization of £608.22 million, a P/E ratio of 15.86, a P/E/G ratio of 0.79 and a beta of 1.14.

Polar Capital (LON:POLR) last posted its earnings results on Tuesday, November 25th. The company reported GBX 21.10 EPS for the quarter. Polar Capital had a net margin of 19.65% and a return on equity of 32.10%. As a group, sell-side analysts forecast that Polar Capital Holdings plc will post 42.5061425 EPS for the current fiscal year.

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.