Polar Capital (LON:POLR) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Polar Capital Holdings plc (LON:POLR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 740.98 and traded as high as GBX 907. Polar Capital shares last traded at GBX 899, with a volume of 866,221 shares.

Analysts Set New Price Targets

POLR has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Polar Capital from GBX 1,200 to GBX 1,100 and set a “buy” rating for the company in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 995.

Polar Capital Stock Performance

The stock has a market capitalization of £848.48 million, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The company has a 50 day simple moving average of GBX 866.12 and a 200-day simple moving average of GBX 742.09. 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 (LON:POLR) last announced its quarterly earnings data on Wednesday, July 1st. The company reported GBX 59.20 EPS for the quarter. Polar Capital had a net margin of 21.43% and a return on equity of 42.37%. As a group, equities research analysts expect that Polar Capital Holdings plc will post 42.5061425 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Samir Ayub sold 59,154 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £521,738.28. Also, insider Iain Evans sold 65,070 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £573,917.40. Company insiders own 13.26% of the company’s stock.

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.