Polar Capital Holdings plc (LON:POLR) has earned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 533.75 ($7.14).

Several equities research analysts recently commented on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 560 ($7.49) target price on shares of Polar Capital in a research note on Friday. Canaccord Genuity raised their price objective on Polar Capital from GBX 500 ($6.69) to GBX 555 ($7.42) and gave the company a “buy” rating in a research note on Thursday, October 12th. Numis Securities reissued a “hold” rating and issued a GBX 510 ($6.82) price objective on shares of Polar Capital in a research note on Wednesday. Finally, Shore Capital reissued a “hold” rating and issued a GBX 485 ($6.48) price objective on shares of Polar Capital in a research note on Friday, October 13th.

In other news, insider Tim Woolley sold 868,073 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of GBX 450 ($6.02), for a total value of £3,906,328.50 ($5,223,062.58). Also, insider Win Robbins bought 10,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was bought at an average price of GBX 487 ($6.51) per share, for a total transaction of £48,700 ($65,115.66).

Polar Capital (POLR) traded up GBX 4 ($0.05) during midday trading on Friday, reaching GBX 552 ($7.38). The company had a trading volume of 32,738 shares, compared to its average volume of 18,298. Polar Capital has a fifty-two week low of GBX 294.25 ($3.93) and a fifty-two week high of GBX 564 ($7.54). The firm has a market capitalization of $508.70 and a PE ratio of 2,760.00.

The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, December 28th will be paid a GBX 6 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 1.16%.

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Polar Capital 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.

Analyst Recommendations for Polar Capital (LON:POLR)

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