Polar Capital (LON:POLR) Sets New 12-Month High – Time to Buy?

Polar Capital Holdings plc (LON:POLR)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 809 and last traded at GBX 807.53, with a volume of 94145 shares changing hands. The stock had previously closed at GBX 795.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on POLR shares. Deutsche Bank Aktiengesellschaft raised their price target on Polar Capital from GBX 900 to GBX 1,050 and gave the company a “buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 670 price target on shares of Polar Capital in a report on Tuesday, April 7th. Three 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 an average target price of GBX 781.67.

Polar Capital Trading Down 0.2%

The firm has a fifty day moving average of GBX 687.95 and a 200 day moving average of GBX 616.19. The company has a market capitalization of £766.68 million, a P/E ratio of 20.23, a P/E/G ratio of 0.79 and a beta of 0.90.

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.