Polar Capital (LON:POLR – Get Free Report) issued its earnings results on Wednesday. The company reported GBX 59.20 EPS for the quarter, Digital Look Earnings reports. Polar Capital had a return on equity of 30.00% and a net margin of 16.62%.
Polar Capital Trading Up 4.3%
Shares of Polar Capital stock traded up GBX 38 during mid-day trading on Wednesday, reaching GBX 929. 1,809,884 shares of the stock were exchanged, compared to its average volume of 637,977. The company has a market cap of £878.04 million, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The firm has a 50-day simple moving average of GBX 788.34 and a 200 day simple moving average of GBX 667.47. Polar Capital has a fifty-two week low of GBX 435 and a fifty-two week high of GBX 964.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research note on Monday, June 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 670 target price on shares of Polar Capital in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 848.33.
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.
See Also
- Five stocks we like better than Polar Capital
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Polar Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polar Capital and related companies with MarketBeat.com's FREE daily email newsletter.
