Polar Capital (LON:POLR) Given Buy Rating at Peel Hunt

Key Points

• Peel Hunt reaffirmed its “buy” rating on Polar Capital and set a GBX 1,200 price target, implying 51.32% upside from the previous close.
• Analyst sentiment remains positive, with three buy ratings and a consensus price target of GBX 1,220; RBC recently raised its target to GBX 1,260.
• Polar Capital shares opened at GBX 793, versus a 12-month range of GBX 508–990, while insiders Iain Evans and Samir Ayub sold shares worth a combined approximately £1.10 million.

Polar Capital (LON:POLR - Get Free Report)'s stock had its "buy" rating restated by research analysts at Peel Hunt in a research note issued on Monday, Digital Look reports. They presently have a GBX 1,200 price objective on the stock. Peel Hunt's price target suggests a potential upside of 51.32% from the stock's previous close.

POLR has been the subject of a number of other research reports. Royal Bank Of Canada increased their price objective on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the stock an "outperform" rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft raised Polar Capital to a "buy" rating and boosted their target price for the company from GBX 1,150 to GBX 1,200 in a research report on Friday, October 2nd. Three equities 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 price target of GBX 1,220.

Polar Capital Price Performance

Polar Capital stock opened at GBX 793 on Monday. Polar Capital has a 12-month low of GBX 508 and a 12-month high of GBX 990. The stock has a market cap of £746.89 million, a P/E ratio of 13.40, a PEG ratio of 0.79 and a beta of 0.92. The company has a 50-day moving average price of GBX 845.64 and a 200 day moving average price of GBX 804.53. The company has a current ratio of 2.53, a quick ratio of 2.45 and a debt-to-equity ratio of 2.69.

Insider Activity

In related news, insider Iain Evans sold 65,070 shares of the company's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £573,917.40. Also, insider Samir Ayub sold 59,154 shares of the firm's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £521,738.28. Company insiders own 13.26% of the company's stock.

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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