Shore Capital Trims Polar Capital (POLR) Target Price to GBX 630

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Polar Capital (LON:POLR) had its price objective decreased by Shore Capital from GBX 750 ($9.80) to GBX 630 ($8.23) in a research report released on Thursday. Shore Capital currently has a buy rating on the stock.

POLR has been the topic of a number of other research reports. Peel Hunt reaffirmed a buy rating on shares of Polar Capital in a report on Friday, January 4th. Numis Securities reaffirmed an add rating on shares of Polar Capital in a report on Thursday, October 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 596 ($7.79).

LON:POLR traded up GBX 4 ($0.05) on Thursday, reaching GBX 476 ($6.22). 19,400 shares of the stock traded hands, compared to its average volume of 36,972. Polar Capital has a 12 month low of GBX 329 ($4.30) and a 12 month high of GBX 564 ($7.37).

The business also recently declared a dividend, which will be paid on Friday, January 11th. Stockholders of record on Thursday, December 20th will be issued a dividend of GBX 8 ($0.10) per share. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 20th.

In other news, insider Brian J. D. Ashford-Russell sold 250,000 shares of the firm’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of GBX 485 ($6.34), for a total transaction of £1,212,500 ($1,584,346.01).

About Polar Capital

Polar Capital Holdings plc is a publicly owned investment 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 December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

Further Reading: Insider Trading

Analyst Recommendations for Polar Capital (LON:POLR)

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