Polar Capital (LON:POLR) Reaches New 12-Month High After Analyst Upgrade

Polar Capital Holdings plc (LON:POLR) hit a new 52-week high during mid-day trading on Thursday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 900 to GBX 1,050. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Polar Capital traded as high as GBX 751 and last traded at GBX 748, with a volume of 52948 shares trading hands. The stock had previously closed at GBX 705.

Separately, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 670 price target on shares of Polar Capital in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Polar Capital has an average rating of “Buy” and an average price target of GBX 781.67.

Insider Activity at Polar Capital

In other Polar Capital news, insider Win Robbins sold 4,995 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of GBX 623, for a total transaction of £31,118.85. Corporate insiders own 12.94% of the company’s stock.

Polar Capital Price Performance

The company’s fifty day simple moving average is GBX 645.99 and its two-hundred day simple moving average is GBX 594.91. The stock has a market cap of £711.72 million, a price-to-earnings ratio of 18.78, a P/E/G ratio of 0.79 and a beta of 0.90.

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.