Peel Hunt Reiterates “Buy” Rating for Polar Capital (POLR)

Polar Capital (LON:POLR)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a report issued on Thursday. They presently have a GBX 560 ($7.92) target price on the stock. Peel Hunt’s price target indicates a potential upside of 5.66% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 590 ($8.34) target price on shares of Polar Capital in a research report on Monday, March 12th. Numis Securities raised Polar Capital to a “buy” rating and lifted their target price for the company from GBX 590 ($8.34) to GBX 600 ($8.48) in a research report on Wednesday, March 7th. Shore Capital reaffirmed a “hold” rating on shares of Polar Capital in a research report on Thursday, March 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 555 ($7.84) target price on shares of Polar Capital in a research report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Polar Capital has a consensus rating of “Buy” and an average target price of GBX 550 ($7.77).

LON POLR opened at GBX 530 ($7.49) on Thursday. Polar Capital has a 1-year low of GBX 329 ($4.65) and a 1-year high of GBX 564 ($7.97).

In other Polar Capital news, insider Brian J. D. Ashford-Russell sold 375,000 shares of Polar Capital stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of GBX 518 ($7.32), for a total value of £1,942,500 ($2,745,583.04).

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Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned investment 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 December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

Analyst Recommendations for Polar Capital (LON:POLR)

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