Pollen Street Group (LON:POLN) Trading Down 0.4% – Should You Sell?

Pollen Street Group Limited (LON:POLN)’s share price traded down 0.4% during mid-day trading on Wednesday . The stock traded as low as GBX 825 and last traded at GBX 837.73. Approximately 1,001,379 shares traded hands during mid-day trading, an increase of 217% from the average daily volume of 315,406 shares. The stock had previously closed at GBX 841.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on shares of Pollen Street Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pollen Street Group presently has a consensus rating of “Buy” and a consensus price target of GBX 1,088.67.

Pollen Street Group Stock Performance

The stock has a market capitalization of £498.22 million, a price-to-earnings ratio of 8.94 and a beta of 0.01. The business has a 50-day moving average of GBX 850.55 and a 200-day moving average of GBX 862.62.

Pollen Street Group (LON:POLN) last released its quarterly earnings results on Thursday, March 26th. The company reported GBX 93.70 earnings per share (EPS) for the quarter. Pollen Street Group had a return on equity of 9.58% and a net margin of 53.91%. On average, research analysts predict that Pollen Street Group Limited will post 70.0302725 earnings per share for the current fiscal year.

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.