Panmure Gordon Reaffirms “Buy” Rating for Pollen Street Group (LON:POLN)

Pollen Street Group (LON:POLN)‘s stock had its “buy” rating reissued by research analysts at Panmure Gordon in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,120 price objective on the stock. Panmure Gordon’s price objective points to a potential upside of 24.44% from the company’s previous close.

Several other equities analysts have also issued reports on POLN. Peel Hunt reiterated a “buy” rating and issued a GBX 1,046 price objective on shares of Pollen Street Group in a research report on Tuesday. 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 report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,072.

Pollen Street Group Stock Up 0.7%

Pollen Street Group stock traded up GBX 6 during mid-day trading on Wednesday, hitting GBX 900. 49,282 shares of the company’s stock were exchanged, compared to its average volume of 123,757. The company’s 50 day simple moving average is GBX 899.26 and its 200-day simple moving average is GBX 840.26. The firm has a market capitalization of £541.69 million, a P/E ratio of 10.24 and a beta of 0.22. Pollen Street Group has a fifty-two week low of GBX 633.98 and a fifty-two week high of GBX 954.

Pollen Street Group (LON:POLN) last announced its quarterly earnings results on Tuesday, September 16th. The company reported GBX 46 earnings per share (EPS) for the quarter. Pollen Street Group had a return on equity of 7.94% and a net margin of 70.52%. Research 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 authorized a stock repurchase program on Wednesday, November 5th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are 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.