Polar Capital’s (POLR) “Buy” Rating Reiterated at Canaccord Genuity

Polar Capital (LON:POLR)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a report released on Monday. They presently have a GBX 590 ($7.86) target price on the stock. Canaccord Genuity’s target price would indicate a potential downside of 10.40% from the company’s current price.

Several other equities research analysts also recently commented on POLR. Shore Capital reissued a “hold” rating on shares of Polar Capital in a report on Thursday, March 1st. Numis Securities raised Polar Capital to a “buy” rating and raised their price target for the company from GBX 590 ($7.86) to GBX 600 ($7.99) in a report on Wednesday, March 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 590 ($7.86) price target on shares of Polar Capital in a report on Monday, March 12th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 560 ($7.46) price target on shares of Polar Capital in a report on Thursday, April 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 593.50 ($7.90).

Polar Capital opened at GBX 658.50 ($8.77) on Monday, according to MarketBeat Ratings. Polar Capital has a 12 month low of GBX 329 ($4.38) and a 12 month high of GBX 564 ($7.51).

In other Polar Capital news, insider John Mansell purchased 20,044 shares of the business’s stock in a transaction on Wednesday, May 9th. The stock was acquired at an average price of GBX 539 ($7.18) per share, with a total value of £108,037.16 ($143,838.58).

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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