Polar Capital (LON:POLR) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Polar Capital Holdings plc (LON:POLR)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 803.12 and traded as low as GBX 791. Polar Capital shares last traded at GBX 805, with a volume of 268,588 shares traded.

Analysts Set New Price Targets

POLR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Polar Capital to a “buy” rating and raised their price objective for the stock from GBX 1,150 to GBX 1,200 in a research note on Friday, October 2nd. Royal Bank Of Canada boosted their target price on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 1,230.

Polar Capital Price Performance

The company has a current ratio of 2.53, a quick ratio of 2.45 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of £758.19 million, a price-to-earnings ratio of 13.60, a PEG ratio of 0.79 and a beta of 0.92. The stock has a 50-day moving average price of GBX 845.64 and a 200 day moving average price of GBX 803.12.

Insider Transactions at Polar Capital

In other Polar Capital news, insider Samir Ayub sold 59,154 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total value of £521,738.28. Also, insider Iain Evans sold 65,070 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total value of £573,917.40. Corporate insiders own 13.26% of the company’s stock.

Polar Capital Company Profile

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.