Pollen Street Group (LON:POLN) Stock Price Up 12.5% – Here’s What Happened

Shares of Pollen Street Group Limited (LON:POLN) shot up 12.5% during trading on Wednesday . The company traded as high as GBX 960 and last traded at GBX 917. 610,795 shares were traded during trading, an increase of 136% from the average daily volume of 259,187 shares. The stock had previously closed at GBX 815.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,320 price target on shares of Pollen Street Group in a research note on Wednesday, September 16th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pollen Street Group has a consensus rating of “Buy” and a consensus target price of GBX 1,162.

Pollen Street Group Stock Up 14.6%

The stock has a market cap of £552.00 million, a P/E ratio of 9.97 and a beta of 0.02. The company’s 50 day moving average price is GBX 846.83 and its two-hundred day moving average price is GBX 834.29.

Pollen Street Group (LON:POLN) last issued its earnings results on Tuesday, September 15th. The company reported GBX 33.30 earnings per share for the quarter. Pollen Street Group had a return on equity of 8.17% and a net margin of 47.90%. As a group, equities research analysts forecast that Pollen Street Group Limited will post 70.0302725 earnings per share for the current year.

Pollen Street Group Company Profile

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.