Polar Capital (LON:POLR) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Polar Capital (LON:POLR) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report released on Friday, MarketBeat.com reports. The brokerage presently has a GBX 1,200 target price on the stock, up from their previous target price of GBX 1,150. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 43.20% from the stock’s previous close.

Separately, Royal Bank Of Canada lifted their price objective on Polar Capital from GBX 670 to GBX 1,260 and gave the stock an “outperform” rating in a report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Polar Capital has a consensus rating of “Buy” and a consensus target price of GBX 1,028.33.

Polar Capital Price Performance

POLR stock opened at GBX 838 on Friday. The business’s fifty day moving average price is GBX 848.24 and its 200 day moving average price is GBX 796.86. Polar Capital has a 12-month low of GBX 502 and a 12-month high of GBX 990. The company has a current ratio of 2.53, a quick ratio of 2.45 and a debt-to-equity ratio of 2.69. The company has a market capitalization of £789.27 million, a PE ratio of 14.16, a P/E/G ratio of 0.79 and a beta of 0.92.

Polar Capital (LON:POLR) last announced its quarterly earnings results on Wednesday, July 1st. The company reported GBX 59.20 EPS for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. On average, sell-side analysts anticipate that Polar Capital will post 42.5061425 EPS for the current year.

Insider Buying and Selling at Polar Capital

In other news, insider Iain Evans sold 65,070 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total value of £573,917.40. Also, insider Samir Ayub sold 59,154 shares of the stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total value of £521,738.28. Company insiders own 12.94% of the company’s stock.

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.