Polar Capital (LON:POLR) Releases Earnings Results

Polar Capital (LON:POLR) posted its quarterly earnings data 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 1.5%

LON POLR traded up GBX 14 on Thursday, reaching GBX 943. The company had a trading volume of 805,159 shares, compared to its average volume of 639,315. The company’s fifty day moving average is GBX 792.96 and its 200 day moving average is GBX 670.34. Polar Capital has a 52-week low of GBX 435 and a 52-week high of GBX 966. The stock has a market capitalization of £891.27 million, a P/E ratio of 23.57, a P/E/G ratio of 0.79 and a beta of 0.93.

Analysts Set New Price Targets

Several research firms have recently weighed in on POLR. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 670 price objective on shares of Polar Capital in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft increased their price target 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 848.33.

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.