Polar Capital (LON:POLR)‘s stock had its “add” rating reaffirmed by research analysts at Numis Securities in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 615 ($8.04) price objective on the stock. Numis Securities’ price target indicates a potential upside of 12.86% from the company’s current price.
Other research analysts have also issued research reports about the stock. Peel Hunt cut their price target on shares of Polar Capital from GBX 760 ($9.93) to GBX 640 ($8.36) and set a “buy” rating on the stock in a research note on Thursday, January 10th. Shore Capital cut their price target on shares of Polar Capital from GBX 750 ($9.80) to GBX 630 ($8.23) and set a “buy” rating on the stock in a research note on Thursday, January 10th.
POLR traded down GBX 7.10 ($0.09) during trading on Monday, reaching GBX 544.90 ($7.12). The company had a trading volume of 21,438 shares, compared to its average volume of 36,972. Polar Capital has a 12 month low of GBX 447 ($5.84) and a 12 month high of GBX 738 ($9.64). The firm has a market cap of $501.65 million and a P/E ratio of 11.54.
In other news, insider Brian J. D. Ashford-Russell sold 150,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of GBX 510 ($6.66), for a total value of £765,000 ($999,608.00). Also, insider John Mansell sold 398,783 shares of the business’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of GBX 452 ($5.91), for a total transaction of £1,802,499.16 ($2,355,284.41).
Polar Capital Company Profile
Polar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.
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