Pollen Street Group (LON:POLN) Trading Up 1.7% – Here’s Why

Pollen Street Group Limited (LON:POLN)’s share price shot up 1.7% on Thursday . The stock traded as high as GBX 871 and last traded at GBX 862.18. Approximately 60,459 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 311,654 shares. The stock had previously closed at GBX 848.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their target price on Pollen Street Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a research report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,088.67.

Pollen Street Group Price Performance

The firm has a market capitalization of £512.58 million, a PE ratio of 9.20 and a beta of 0.02. The business’s 50 day moving average is GBX 846.66 and its two-hundred day moving average is GBX 852.82.

About Pollen Street Group

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.