Polar Capital (LON:POLR) Reaches New 52-Week High – Should You Buy?

Polar Capital Holdings plc (LON:POLR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 775 and last traded at GBX 764, with a volume of 305906 shares traded. The stock had previously closed at GBX 744.

Analysts Set New Price Targets

POLR has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 670 price target on shares of Polar Capital in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Polar Capital from GBX 900 to GBX 1,050 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 781.67.

Polar Capital Stock Performance

The stock’s fifty day simple moving average is GBX 652.93 and its 200-day simple moving average is GBX 599.45. The company has a market capitalization of £728.77 million, a PE ratio of 19.23, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90.

Insider Activity

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

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.