Polar Capital (LON:POLR) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Polar Capital Holdings plc (LON:POLR)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 475.91 and traded as high as GBX 557. Polar Capital shares last traded at GBX 545, with a volume of 2,981,885 shares.

Wall Street Analysts Forecast Growth

POLR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Polar Capital from GBX 600 to GBX 625 and gave the company a “buy” rating in a research note on Thursday, October 9th. Peel Hunt upped their price objective on shares of Polar Capital from GBX 510 to GBX 625 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada lifted their target price on Polar Capital from GBX 560 to GBX 640 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 630.

Polar Capital Stock Performance

The stock has a market cap of £522.48 million, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14. The company has a 50-day simple moving average of GBX 521.79 and a two-hundred day simple moving average of GBX 475.91.

About Polar Capital