Polar Capital (LON:POLR) Posts Earnings Results

Polar Capital (LON:POLR) issued 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 Stock Up 3.6%

LON POLR traded up GBX 33 during trading hours on Thursday, hitting GBX 962. 1,281,761 shares of the company were exchanged, compared to its average volume of 643,128. The company has a 50 day moving average of GBX 798.24 and a two-hundred day moving average of GBX 673.50. The firm has a market cap of £909.22 million, a price-to-earnings ratio of 24.05, a PEG ratio of 0.79 and a beta of 1.59. Polar Capital has a 52-week low of GBX 435 and a 52-week high of GBX 966.

Wall Street Analysts Forecast Growth

POLR has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 670 price target on shares of Polar Capital in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft raised 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, Based on data from MarketBeat.com, the company presently 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.