Numis Securities Ltd Boosts Polar Capital Holdings plc (POLR) Price Target to GBX 440
Polar Capital Holdings plc (LON:POLR) had its target price lifted by Numis Securities Ltd from GBX 415 ($5.37) to GBX 440 ($5.69) in a research note issued on Friday. The firm presently has a “hold” rating on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 1.57% from the stock’s previous close.
Several other equities research analysts also recently commented on the company. Shore Capital downgraded Polar Capital Holdings plc to a “hold” rating in a report on Monday, July 3rd. Peel Hunt downgraded Polar Capital Holdings plc to an “add” rating and boosted their target price for the stock from GBX 355 ($4.59) to GBX 480 ($6.21) in a report on Friday, June 23rd. Finally, Canaccord Genuity boosted their target price on Polar Capital Holdings plc from GBX 385 ($4.98) to GBX 500 ($6.47) and gave the stock a “buy” rating in a report on Tuesday, June 27th.
Shares of Polar Capital Holdings plc (POLR) opened at 448.00 on Friday. The company has a 50-day moving average price of GBX 427.91 and a 200-day moving average price of GBX 398.88. The stock’s market capitalization is GBX 401.15 million. Polar Capital Holdings plc has a 52-week low of GBX 272.60 and a 52-week high of GBX 460.00.
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In other news, insider Tim Woolley sold 150,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of GBX 433 ($5.60), for a total value of £649,500 ($840,015.52). Also, insider Tom Bartlam purchased 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was acquired at an average price of GBX 430 ($5.56) per share, with a total value of £215,000 ($278,065.18).
Polar Capital Holdings plc Company Profile
Polar Capital Holdings plc is an investment management company. The Company is engaged in the provision of investment management and advisory services. The Company offers professional and institutional investors a range of geographical and sector investment opportunities. The Company offers fundamental funds diversified by asset class, geographical, sectoral specialization, strategy and structure.
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