Polar Capital (LON:POLR) Issues Earnings Results

Polar Capital (LON:POLR) issued its earnings results on Wednesday. The company reported GBX 59.20 earnings per share for the quarter, Digital Look Earnings reports. Polar Capital had a net margin of 16.62% and a return on equity of 30.00%.

Polar Capital Stock Up 1.2%

Shares of Polar Capital stock opened at GBX 940 on Thursday. Polar Capital has a 12 month low of GBX 435 and a 12 month high of GBX 966. The stock has a market cap of £888.43 million, a PE ratio of 23.50, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The business has a fifty day simple moving average of GBX 792.96 and a 200-day simple moving average of GBX 670.34.

Analyst Ratings Changes

Several research firms have recently weighed in on POLR. Deutsche Bank Aktiengesellschaft raised their price objective on Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a research note on Monday, June 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 670 target price on shares of Polar Capital in a report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 848.33.

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.