Pollen Street Group (LON:POLN) Shares Climb 0.4% – Still a Buy?

Pollen Street Group Limited (LON:POLN) rose 0.4% during mid-day trading on Thursday. The company traded as high as GBX 956 and last traded at GBX 942. Approximately 158,814 shares changed hands during trading, a decline of 37% from the average session volume of 250,686 shares. The stock had previously closed at GBX 938.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,320 price objective on shares of Pollen Street Group in a report on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,162.

Pollen Street Group Stock Up 0.8%

The firm has a market capitalization of £560.72 million, a P/E ratio of 11.73 and a beta of 0.02. The company has a fifty day simple moving average of GBX 883.53 and a 200 day simple moving average of GBX 854.19.

Pollen Street Group (LON:POLN) last issued its quarterly earnings results on Tuesday, September 15th. The company reported GBX 33.30 earnings per share for the quarter. Pollen Street Group had a return on equity of 8.17% and a net margin of 47.90%. As a group, equities analysts expect that Pollen Street Group Limited will post 70.03 earnings per share for the current fiscal year.

Pollen Street Group Company Profile

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.