Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Polar Capital (LON:POLR) Stock

Polar Capital (LON:POLR) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 700 to GBX 750 in a report released on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 20.39% from the company’s current price.

Several other analysts also recently commented on POLR. Royal Bank Of Canada boosted their price objective on shares of Polar Capital from GBX 650 to GBX 670 and gave the company an “outperform” rating in a research note on Monday. Peel Hunt raised 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. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Polar Capital has a consensus rating of “Buy” and an average target price of GBX 681.67.

Polar Capital Price Performance

LON POLR traded down GBX 2 during trading hours on Friday, hitting GBX 623. 1,140,456 shares of the company’s stock traded hands, compared to its average volume of 533,020. Polar Capital has a 52-week low of GBX 340.50 and a 52-week high of GBX 639. The firm’s 50-day moving average is GBX 538.97 and its 200-day moving average is GBX 511. The company has a market capitalization of £597.26 million, a PE ratio of 15.58, a PEG ratio of 0.79 and a beta of 1.14.

Polar Capital (LON:POLR) last announced its quarterly earnings results on Tuesday, November 25th. The company reported GBX 21.10 earnings per share for the quarter. Polar Capital had a net margin of 19.65% and a return on equity of 32.10%. Equities research analysts predict that Polar Capital will post 42.5061425 earnings per share for the current fiscal year.

About Polar Capital

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.