Pollen Street Group (LON:POLN) Trading Down 0.4% – What’s Next?

Pollen Street Group Limited (LON:POLN)’s stock price fell 0.4% during mid-day trading on Friday . The company traded as low as GBX 926 and last traded at GBX 930. 25,077 shares changed hands during trading, a decline of 39% from the average session volume of 41,316 shares. The stock had previously closed at GBX 934.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Peel Hunt restated a “buy” rating and issued a GBX 1,046 price target on shares of Pollen Street Group in a report on Tuesday, November 18th. Panmure Gordon reissued a “buy” rating and issued a GBX 1,120 price objective on shares of Pollen Street Group in a research report on Wednesday, November 19th. Finally, Berenberg Bank lifted their target price on shares of Pollen Street Group from GBX 900 to GBX 1,050 and gave the company a “buy” rating in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,072.

Pollen Street Group Stock Down 0.4%

The business’s 50 day moving average price is GBX 926.88 and its 200-day moving average price is GBX 880.80. The company has a market cap of £559.42 million, a PE ratio of 10.58 and a beta of 0.22.

Pollen Street Group announced that its board has initiated a stock buyback program on Wednesday, November 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Pollen Street Group Company Profile

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.