Polar Capital (LON:POLR) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Polar Capital Holdings plc (LON:POLRGet Free Report)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 855.45 and traded as high as GBX 873. Polar Capital shares last traded at GBX 862.12, with a volume of 1,497,752 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,100 price objective on shares of Polar Capital in a report on Friday, September 4th. Royal Bank Of Canada boosted their target price on Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a research note on Monday, July 6th. Three 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 995.

Check Out Our Latest Research Report on Polar Capital

Polar Capital Stock Performance

The company has a quick ratio of 2.45, a current ratio of 2.53 and a debt-to-equity ratio of 2.69. The stock has a market cap of £807.17 million, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92. The firm’s 50-day moving average is GBX 853.07 and its two-hundred day moving average is GBX 787.25.

Polar Capital (LON:POLRGet Free Report) last posted its earnings results on Wednesday, July 1st. The company reported GBX 59.20 EPS for the quarter. Polar Capital had a net margin of 21.43% and a return on equity of 42.37%. As a group, research analysts expect that Polar Capital Holdings plc will post 42.5061425 EPS for the current year.

Insiders Place Their Bets

In other Polar Capital news, insider Samir Ayub sold 59,154 shares of the stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £521,738.28. Also, insider Iain Evans sold 65,070 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total transaction of £573,917.40. Corporate insiders own 12.94% of the company’s stock.

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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