Deutsche Bank Aktiengesellschaft Upgrades Polar Capital (LON:POLR) to Buy

Key Points

• Deutsche Bank upgraded Polar Capital to “buy” and raised its price target from GBX 1,150 to GBX 1,200, implying 45.1% potential upside.
• Royal Bank of Canada also increased its target to GBX 1,260 and rated the shares “outperform”; analysts’ consensus rating is “Buy,” with a target price of GBX 1,028.33.
• Polar Capital reported quarterly EPS of GBX 59.20, a 42.37% return on equity and a 21.43% net margin. Insiders Samir Ayub and Iain Evans subsequently sold shares worth a combined £1.10 million.

Polar Capital (LON:POLR - Get Free Report) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft to a "buy" rating in a research report issued to clients and investors on Friday, London Stock Exchange reports. The firm currently has a GBX 1,200 price objective on the stock, up from their prior price objective of GBX 1,150. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 45.10% from the stock's current price.

Separately, Royal Bank Of Canada raised their target price on shares of 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, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 1,028.33.

Polar Capital Stock Performance

POLR stock opened at GBX 827 on Friday. Polar Capital has a 1-year low of GBX 469.50 and a 1-year high of GBX 990. The business's 50-day moving average price is GBX 849.30 and its two-hundred day moving average price is GBX 796.57. The firm has a market cap of £778.91 million, a PE ratio of 13.97, a P/E/G ratio of 0.79 and a beta of 0.92. The company has a current ratio of 2.53, a quick ratio of 2.45 and a debt-to-equity ratio of 2.69.

Polar Capital (LON:POLR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported GBX 59.20 earnings per share (EPS) for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. As a group, research analysts forecast that Polar Capital will post 42.5061425 earnings per share for the current year.

Insider Activity

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

About Polar Capital

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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