Shore Capital Reiterates “Buy” Rating for Polar Capital (LON:POLR)

Polar Capital (LON:POLR)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 710 ($9.28) price objective on shares of Polar Capital in a research note on Thursday.

Shares of LON:POLR opened at GBX 512 ($6.69) on Thursday. The company has a market capitalization of $493.90 million and a price-to-earnings ratio of 9.55. Polar Capital has a 52 week low of GBX 447 ($5.84) and a 52 week high of GBX 628 ($8.21). The firm has a 50 day moving average of GBX 523.36 and a 200 day moving average of GBX 553.63.

In related news, insider Gavin Rochussen sold 115,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of GBX 576 ($7.53), for a total value of £662,400 ($865,542.92).

About Polar Capital

Polar Capital Holdings plc is a publicly owned investment 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 December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

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