Polar Capital (LON:POLR) Releases Earnings Results

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

Polar Capital Stock Up 0.7%

Shares of POLR stock opened at GBX 968.30 on Friday. The company’s fifty day simple moving average is GBX 798.24 and its two-hundred day simple moving average is GBX 673.50. Polar Capital has a 52 week low of GBX 435 and a 52 week high of GBX 976. The stock has a market cap of £915.18 million, a P/E ratio of 24.21, a PEG ratio of 0.79 and a beta of 1.59.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on POLR shares. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 670 price target on shares of Polar Capital in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Polar Capital presently has a consensus rating of “Buy” and a consensus price target of GBX 848.33.

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.