Pollen Street Group (LON:POLN) Shares Down 1.6% – Time to Sell?

Shares of Pollen Street Group Limited (LON:POLN) dropped 1.6% during mid-day trading on Tuesday . The company traded as low as GBX 836 and last traded at GBX 858. Approximately 299,471 shares were traded during trading, an increase of 210% from the average daily volume of 96,549 shares. The stock had previously closed at GBX 872.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on POLN shares. Panmure Gordon reiterated 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. Peel Hunt reiterated a “buy” rating and issued a GBX 1,046 price objective on shares of Pollen Street Group in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Pollen Street Group currently has a consensus rating of “Buy” and a consensus target price of GBX 1,072.

Pollen Street Group Stock Up 0.4%

The firm has a market cap of £516.77 million, a P/E ratio of 9.80 and a beta of 0.22. The business has a fifty day moving average of GBX 918 and a 200 day moving average of GBX 904.24.

Pollen Street Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership 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.