Polar Capital (LON:POLR) Price Target Raised to GBX 1,260

Polar Capital (LON:POLR) had its price objective increased by analysts at Royal Bank Of Canada from GBX 670 to GBX 1,260 in a research report issued on Monday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 29.22% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Polar Capital has a consensus rating of “Buy” and a consensus target price of GBX 1,045.

Polar Capital Stock Up 0.4%

Shares of LON POLR opened at GBX 975.05 on Monday. The company has a market capitalization of £921.55 million, a PE ratio of 16.47, a PEG ratio of 0.79 and a beta of 0.93. The stock’s 50 day moving average price is GBX 803.64 and its 200-day moving average price is GBX 676.70. Polar Capital has a twelve month low of GBX 435 and a twelve month high of GBX 980.

Polar Capital (LON:POLR) last issued its quarterly earnings results on Wednesday, July 1st. The company reported GBX 59.20 EPS for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. As a group, research analysts expect that Polar Capital 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.