Pollen Street Group (LON:POLN) Stock Price Up 1.7% – Should You Buy?

Pollen Street Group Limited (LON:POLN) shares were up 1.7% during mid-day trading on Monday . The company traded as high as GBX 938 and last traded at GBX 934. Approximately 50,395 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 77,275 shares. The stock had previously closed at GBX 918.

Wall Street Analyst Weigh In

POLN has been the topic of a number of analyst reports. Panmure Gordon reiterated a “buy” rating and set a GBX 1,120 price objective on shares of Pollen Street Group in a research report on Wednesday, November 19th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,046 price target on shares of Pollen Street Group in a research note on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,072.

Pollen Street Group Trading Up 1.7%

The company has a 50-day simple moving average of GBX 933.68 and a 200 day simple moving average of GBX 895.99. The company has a market cap of £561.83 million, a P/E ratio of 10.63 and a beta of 0.22.

Pollen Street Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are 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.