A number of other equities analysts have also weighed in on POLR. Canaccord Genuity lifted their price objective on Polar Capital from GBX 500 ($6.78) to GBX 555 ($7.53) and gave the company a buy rating in a research note on Thursday, October 12th. Numis Securities upgraded Polar Capital to an add rating and set a GBX 590 ($8.00) price objective for the company in a research note on Thursday. Shore Capital reiterated a hold rating and set a GBX 485 ($6.58) price objective on shares of Polar Capital in a research note on Friday, October 13th. Finally, Investec reiterated a hold rating and set a GBX 510 ($6.92) price objective on shares of Polar Capital in a research note on Monday, December 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 540 ($7.32).
Shares of Polar Capital (POLR) traded up GBX 12 ($0.16) on Thursday, reaching GBX 534 ($7.24). The company’s stock had a trading volume of 25,748 shares, compared to its average volume of 15,917. Polar Capital has a 12 month low of GBX 300 ($4.07) and a 12 month high of GBX 564 ($7.65). The firm has a market cap of $483.50 and a PE ratio of 2,670.00.
In related news, insider Win Robbins acquired 10,000 shares of Polar Capital stock in a transaction on Wednesday, October 18th. The stock was acquired at an average price of GBX 487 ($6.60) per share, for a total transaction of £48,700 ($66,042.85). Also, insider Tim Woolley sold 868,073 shares of Polar Capital stock in a transaction dated Friday, October 20th. The shares were sold at an average price of GBX 450 ($6.10), for a total value of £3,906,328.50 ($5,297,434.91).
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Polar Capital Company Profile
Polar Capital Holdings plc is an investment management company. The Company is engaged in the provision of investment management and advisory services. The Company offers professional and institutional investors a range of geographical and sector investment opportunities. The Company offers fundamental funds diversified by asset class, geographical, sectoral specialization, strategy and structure.
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