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 Price Performance
Polar Capital stock traded up GBX 38 during trading hours on Wednesday, reaching GBX 929. The stock had a trading volume of 1,809,884 shares, compared to its average volume of 637,977. The business’s 50 day moving average price is GBX 788.34 and its 200-day moving average price is GBX 667.47. Polar Capital has a 52 week low of GBX 435 and a 52 week high of GBX 964. The company has a market cap of £878.04 million, a price-to-earnings ratio of 23.23, a PEG ratio of 0.79 and a beta of 0.93.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on POLR shares. Deutsche Bank Aktiengesellschaft raised their price objective on 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 reiterated an “outperform” rating and issued a GBX 670 price target on shares of Polar Capital in a research note on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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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