Polar Capital (LON:POLR) Sets New 52-Week High – Should You Buy?

Polar Capital Holdings plc (LON:POLR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 775 and last traded at GBX 764, with a volume of 305906 shares changing hands. The stock had previously closed at GBX 744.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 670 price objective on shares of Polar Capital in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft increased their price target on Polar Capital from GBX 900 to GBX 1,050 and gave the company a “buy” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Polar Capital currently has an average rating of “Buy” and a consensus price target of GBX 781.67.

Polar Capital Price Performance

The company has a market cap of £740.15 million, a P/E ratio of 19.53, a PEG ratio of 0.79 and a beta of 0.90. The stock has a 50-day moving average of GBX 658.64 and a 200 day moving average of GBX 602.59.

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.