Polar Capital’s (POLR) Buy Rating Reiterated at Peel Hunt

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

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

Polar Capital Stock Performance

Shares of Polar Capital stock remained flat at GBX 752 during trading on Monday. 465,446 shares of the stock were exchanged, compared to its average volume of 613,503. The firm has a market capitalization of £708.27 million, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92. The firm’s fifty day simple moving average is GBX 839.37 and its two-hundred day simple moving average is GBX 810.45. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.45 and a current ratio of 2.53. Polar Capital has a 1-year low of GBX 508 and a 1-year high of GBX 990.

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.