Polar Capital (LON:POLR) Earns “Buy” Rating from Peel Hunt

Polar Capital (LON:POLR)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 1,200 target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 59.57% from the company’s previous close.

Several other research firms also recently weighed in on POLR. Deutsche Bank Aktiengesellschaft upgraded Polar Capital to a “buy” rating and lifted their target price for the company from GBX 1,150 to GBX 1,200 in a research report on Friday, October 2nd. Royal Bank Of Canada raised their price target on Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,220.

Polar Capital Stock Performance

Shares of LON POLR remained flat at GBX 752 during midday trading on Monday. The stock had a trading volume of 465,446 shares, compared to its average volume of 613,503. The company has a quick ratio of 2.45, a current ratio of 2.53 and a debt-to-equity ratio of 2.69. Polar Capital has a 12-month low of GBX 508 and a 12-month high of GBX 990. The stock has a market capitalization of £708.27 million, a price-to-earnings ratio of 12.70, a P/E/G ratio of 0.79 and a beta of 0.92. The stock has a 50 day moving average price of GBX 841.57 and a 200-day moving average price of GBX 809.31.

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.