Polar Capital Holdings plc (POLR) Given Consensus Rating of “Hold” by Brokerages

Shares of Polar Capital Holdings plc (LON:POLR) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 533.75 ($7.18).

POLR has been the topic of several research analyst reports. Shore Capital reissued a “hold” rating on shares of Polar Capital in a research report on Tuesday, August 15th. Numis Securities increased their price objective on shares of Polar Capital from GBX 415 ($5.59) to GBX 440 ($5.92) and gave the company a “hold” rating in a research report on Friday, September 1st. Canaccord Genuity reissued a “buy” rating and issued a GBX 500 ($6.73) price objective on shares of Polar Capital in a research report on Thursday, September 21st. Finally, Peel Hunt raised shares of Polar Capital to a “buy” rating and increased their price objective for the company from GBX 480 ($6.46) to GBX 560 ($7.54) in a research report on Thursday, October 12th.

Shares of Polar Capital (LON POLR) traded down GBX 2.25 ($0.03) on Monday, hitting GBX 480 ($6.46). 6,703 shares of the stock traded hands, compared to its average volume of 40,791. Polar Capital has a 52 week low of GBX 283 ($3.81) and a 52 week high of GBX 499.75 ($6.73).

In related news, insider Tim Woolley sold 868,073 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of GBX 450 ($6.06), for a total transaction of £3,906,328.50 ($5,257,508.08). Also, insider Hugh Aldous purchased 10,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were acquired at an average cost of GBX 500 ($6.73) per share, for a total transaction of £50,000 ($67,294.75).

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About Polar Capital

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.

Analyst Recommendations for Polar Capital (LON:POLR)

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