Polar Capital (LON:POLR) Issues Earnings Results

Polar Capital (LON:POLR) announced its quarterly earnings results on Wednesday. The company reported GBX 59.20 earnings per share (EPS) 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 Trading Up 3.6%

LON:POLR traded up GBX 33 during midday trading on Thursday, reaching GBX 962. The company had a trading volume of 1,281,761 shares, compared to its average volume of 643,128. Polar Capital has a 12-month low of GBX 435 and a 12-month high of GBX 966. The firm has a market capitalization of £909.22 million, a price-to-earnings ratio of 24.05, a PEG ratio of 0.79 and a beta of 0.93. The stock’s fifty day simple moving average is GBX 792.96 and its 200-day simple moving average is GBX 670.34.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on POLR shares. Deutsche Bank Aktiengesellschaft increased their target price on Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a report on Monday, June 1st. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 670 target price on shares of Polar Capital in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Polar Capital presently has an average 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.