Polar Capital (LON:POLR) Announces Earnings Results

Polar Capital (LON:POLR) posted its quarterly earnings data on Wednesday. The company reported GBX 59.20 EPS for the quarter, Digital Look Earnings reports. Polar Capital had a net margin of 16.62% and a return on equity of 30.00%.

Polar Capital Price Performance

POLR stock opened at GBX 975.30 on Friday. Polar Capital has a 1-year low of GBX 435 and a 1-year high of GBX 977. The business has a 50-day moving average price of GBX 798.24 and a 200 day moving average price of GBX 673.50. The company has a market capitalization of £921.80 million, a P/E ratio of 24.38, a PEG ratio of 0.79 and a beta of 1.59.

Analysts Set New Price Targets

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

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.