Polar Capital (LON:POLR – Get Free Report) released its quarterly earnings data 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%.The business had revenue of £264.30 million for the quarter.
Polar Capital Trading Up 2.9%
Shares of POLR opened at GBX 917 on Wednesday. Polar Capital has a twelve month low of GBX 435 and a twelve month high of GBX 964. The firm has a market capitalization of £866.69 million, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The stock’s fifty day simple moving average is GBX 788.34 and its 200 day simple moving average is GBX 667.47.
Analysts Set New Price Targets
Several research analysts have commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 670 price target on shares of Polar Capital in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft increased their price target 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Polar Capital has an average rating of “Buy” and a consensus price target of GBX 848.33.
Polar Capital Company Profile
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.
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