Numis Securities upgraded shares of Polar Capital (LON:POLR) to an add rating in a research report sent to investors on Thursday. Numis Securities currently has GBX 590 ($8.00) price target on the stock.
A number of other research analysts have also recently issued reports on POLR. Canaccord Genuity reaffirmed a buy rating and issued a GBX 500 ($6.78) target price on shares of Polar Capital in a report on Thursday, September 21st. Peel Hunt raised shares of Polar Capital to a buy rating and increased their target price for the company from GBX 480 ($6.51) to GBX 560 ($7.59) in a report on Thursday, October 12th. Shore Capital reissued 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 reissued 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 assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 540 ($7.32).
Shares of Polar Capital (LON POLR) traded up GBX 12 ($0.16) during trading on Thursday, reaching GBX 534 ($7.24). 25,748 shares of the company’s stock were exchanged, 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 stock has a market capitalization of $483.50 and a PE ratio of 2,670.00.
In other news, insider Win Robbins bought 10,000 shares of the stock in a transaction on Wednesday, October 18th. The stock was purchased at an average cost of GBX 487 ($6.60) per share, with a total value of £48,700 ($66,042.85). Also, insider Tim Woolley sold 868,073 shares of Polar Capital stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of GBX 450 ($6.10), for a total transaction 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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