Polar Capital Holdings plc Stock Rating Reaffirmed by Canaccord Genuity (POLR)
Polar Capital Holdings plc (LON:POLR)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday, Analyst RN reports. They currently have a GBX 550 ($9.02) target price on the stock. Canaccord Genuity’s price target points to a potential upside of 0.26% from the company’s current price.
Shares of Polar Capital Holdings plc (LON:POLR) traded down 0.18% on Friday, hitting GBX 548.00. The stock had a trading volume of 42,214 shares. Polar Capital Holdings plc has a 52-week low of GBX 220.00 and a 52-week high of GBX 549.00. The stock has a 50-day moving average of GBX 497.7 and a 200-day moving average of GBX 451..
The company also recently announced a dividend, which is scheduled for Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of GBX 4 ($0.07) per share. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 31st.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd cut their price target on shares of Polar Capital Holdings plc from GBX 518 ($8.50) to GBX 495 ($8.12) in a research note to investors on Monday, December 16th. They now have a “hold” rating on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Polar Capital Holdings plc in a research note to investors on Wednesday, December 4th. They now have a GBX 520 ($8.53) price target on the stock.
Polar Capital Holdings plc and its subsidiaries are engaged in providing research driven specialist investment management and offer a family of long-only, long-bias, equity long/ short and other fundamentally driven hedge fund strategies under the Polar Capital brand.
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