Polar Capital (LON:POLR) Issues Earnings Results

Polar Capital (LON:POLR) posted its quarterly earnings results on Wednesday. The company reported GBX 59.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Polar Capital had a net margin of 21.43% and a return on equity of 42.37%.

Polar Capital Stock Up 0.9%

Shares of LON POLR traded up GBX 9 during mid-day trading on Friday, reaching GBX 971. 602,213 shares of the company were exchanged, compared to its average volume of 642,803. The company’s 50-day simple moving average is GBX 803.64 and its 200-day simple moving average is GBX 675.58. The stock has a market capitalization of £917.73 million, a P/E ratio of 24.27, a P/E/G ratio of 0.79 and a beta of 0.93. Polar Capital has a twelve month low of GBX 435 and a twelve month high of GBX 978.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on POLR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research report on Monday, June 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 670 target price on shares of Polar Capital in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 848.33.

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.