Polar Capital (LON:POLR) Sets New 12-Month High Following Analyst Upgrade

Polar Capital Holdings plc (LON:POLR)’s stock price hit a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from GBX 670 to GBX 1,260. Royal Bank Of Canada currently has an outperform rating on the stock. Polar Capital traded as high as GBX 980 and last traded at GBX 980, with a volume of 197834 shares traded. The stock had previously closed at GBX 971.

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a report on Monday, June 1st. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 1,045.

Polar Capital Trading Up 0.4%

The company has a market capitalization of £921.55 million, a price-to-earnings ratio of 16.47, a PEG ratio of 0.79 and a beta of 0.93. The firm’s 50 day simple moving average is GBX 803.64 and its 200-day simple moving average is GBX 676.70.

Polar Capital (LON:POLR) last issued its earnings results on Wednesday, July 1st. The company reported GBX 59.20 earnings per share for the quarter. Polar Capital had a net margin of 21.43% and a return on equity of 42.37%. As a group, sell-side analysts forecast that Polar Capital Holdings plc will post 42.5061425 EPS for the current fiscal year.

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.