Polar Capital (LON:POLR) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Polar Capital Holdings plc (LON:POLR) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 546.05 and traded as high as GBX 613. Polar Capital shares last traded at GBX 605, with a volume of 880,006 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on POLR. Royal Bank Of Canada upped their target price on Polar Capital from GBX 650 to GBX 670 and gave the company an “outperform” rating in a research report on Monday, January 19th. Peel Hunt upped their price target on shares of Polar Capital from GBX 510 to GBX 625 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Polar Capital from GBX 700 to GBX 750 and gave the stock a “buy” rating in a report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Polar Capital presently has an average rating of “Buy” and a consensus target price of GBX 681.67.

Polar Capital Price Performance

The stock has a market capitalization of £580.00 million, a P/E ratio of 15.13, a PEG ratio of 0.79 and a beta of 1.14. The company has a 50 day moving average of GBX 546.05 and a 200-day moving average of GBX 516.38.

Polar Capital (LON:POLR) last released its earnings results on Tuesday, November 25th. The company reported GBX 21.10 earnings per share for the quarter. Polar Capital had a net margin of 19.65% and a return on equity of 32.10%. Equities analysts forecast that Polar Capital Holdings plc will post 42.5061425 EPS for the current fiscal year.

Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund 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 2001 and is based in London, United Kingdom.