Polar Capital (LON:POLR) Releases Quarterly Earnings Results

Polar Capital (LON:POLR) announced its earnings results on Wednesday. The company reported GBX 59.20 earnings per share 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 Trading Up 0.6%

LON:POLR traded up GBX 5.30 during trading hours on Friday, reaching GBX 967.30. 614,595 shares of the company traded hands, compared to its average volume of 642,901. The business’s 50-day moving average price is GBX 798.24 and its two-hundred day moving average price is GBX 673.50. Polar Capital has a 1 year low of GBX 435 and a 1 year high of GBX 978. The stock has a market capitalization of £914.23 million, a P/E ratio of 24.18, a P/E/G ratio of 0.79 and a beta of 1.59.

Wall Street Analyst Weigh In

Several brokerages have commented on POLR. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a report on Monday, June 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 670 target price on shares of Polar Capital in a report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Polar Capital has an average rating of “Buy” and a consensus 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.