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

Polar Capital Holdings plc (LON:POLRGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 898 and last traded at GBX 895, with a volume of 470609 shares trading hands. The stock had previously closed at GBX 825.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a research note on Monday, June 1st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 670 price objective on shares of Polar Capital in a research report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 848.33.

View Our Latest Stock Report on Polar Capital

Polar Capital Price Performance

The stock has a 50-day simple moving average of GBX 784.65 and a 200-day simple moving average of GBX 665. The stock has a market cap of £850.63 million, a PE ratio of 22.50, a P/E/G ratio of 0.79 and a beta of 0.93.

Polar Capital Company Profile

(Get Free Report)

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.

Further Reading

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