Polar Capital (LON:POLR) Reaches New 1-Year High Following Analyst Upgrade

Polar Capital Holdings plc (LON:POLR)’s stock price hit a new 52-week high during trading on Monday after Royal Bank Of Canada raised their price target on the stock from GBX 670 to GBX 1,260. Royal Bank Of Canada currently has an outperform rating on the stock. Polar Capital traded as high as GBX 980 and last traded at GBX 980, with a volume of 197834 shares changing hands. The stock had previously closed at GBX 971.

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

Polar Capital Trading Up 0.4%

The firm has a market capitalization of £921.55 million, a PE ratio of 16.47, a P/E/G ratio of 0.79 and a beta of 0.93. The company has a fifty day moving average price of GBX 803.64 and a two-hundred day moving average price of GBX 676.70.

Polar Capital (LON:POLR) last released its quarterly earnings results on Wednesday, July 1st. The company reported GBX 59.20 earnings per share (EPS) for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. As a group, equities research analysts predict that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current year.

About Polar Capital

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.