Polar Capital (LON:POLR) Hits New 1-Year High – Should You Buy?

Polar Capital Holdings plc (LON:POLR)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 650 and last traded at GBX 650, with a volume of 228109 shares changing hands. The stock had previously closed at GBX 636.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on POLR. Deutsche Bank Aktiengesellschaft upped their price objective on Polar Capital from GBX 750 to GBX 780 and gave the company a “buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada increased their price target on Polar Capital from GBX 650 to GBX 670 and gave the company an “outperform” rating in a report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 691.67.

Polar Capital Trading Down 1.6%

The company has a 50-day simple moving average of GBX 593.38 and a 200 day simple moving average of GBX 540.52. The company has a market cap of £606.48 million, a P/E ratio of 15.85, a P/E/G ratio of 0.79 and a beta of 1.14.

Polar Capital (LON:POLR) last issued its earnings results on Tuesday, November 25th. The company reported GBX 21.10 earnings per share (EPS) for the quarter. Polar Capital had a net margin of 19.65% and a return on equity of 32.10%. On average, equities analysts forecast that Polar Capital Holdings plc will post 42.5061425 EPS for the current fiscal year.

Insider Buying and Selling at Polar Capital

In related news, insider Win Robbins sold 4,995 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of GBX 623, for a total value of £31,118.85. Corporate insiders own 12.90% of the company’s stock.

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.