Polar Capital (LON:POLR) Sets New 12-Month High – Should You Buy?

Polar Capital Holdings plc (LON:POLR)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 709 and last traded at GBX 705, with a volume of 247547 shares. The stock had previously closed at GBX 703.

Analyst Upgrades and Downgrades

POLR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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 reaffirmed an “outperform” rating and issued a GBX 670 target price on shares of Polar Capital in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Polar Capital presently has an average rating of “Buy” and a consensus target price of GBX 691.67.

Polar Capital Stock Performance

The stock has a market capitalization of £659.11 million, a price-to-earnings ratio of 17.38, a PEG ratio of 0.79 and a beta of 0.88. The business has a 50-day moving average of GBX 633.10 and a 200-day moving average of GBX 584.86.

Insider Activity

In related news, insider Win Robbins sold 4,995 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of GBX 623, for a total value of £31,118.85. 12.94% of the stock is currently owned by company insiders.

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.