Pollen Street Group’s (POLN) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Pollen Street Group (LON:POLN) in a research note published on Wednesday morning, MarketBeat Ratings reports. The firm currently has a GBX 1,046 target price on the stock.

Separately, Berenberg Bank upped their price target on shares of Pollen Street Group from GBX 900 to GBX 1,050 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Two research 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 an average price target of GBX 1,048.

Pollen Street Group Price Performance

Shares of LON:POLN opened at GBX 886 on Wednesday. The business’s 50-day moving average is GBX 899.13 and its 200 day moving average is GBX 830.71. Pollen Street Group has a 1 year low of GBX 633.98 and a 1 year high of GBX 954. The firm has a market capitalization of £533.27 million, a P/E ratio of 10.08 and a beta of 0.22.

Pollen Street Group (LON:POLN) last issued its quarterly earnings results on Tuesday, September 16th. The company reported GBX 46 earnings per share for the quarter. Pollen Street Group had a return on equity of 7.94% and a net margin of 70.52%. On average, analysts expect that Pollen Street Group will post 70.0302725 EPS for the current year.

Pollen Street Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 5th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

About Pollen Street Group

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.