Polar Capital (LON:POLR) Receives "Buy" Rating from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “Buy” rating on Polar Capital and set a GBX 1,100 price target, implying 27.46% potential upside from the current price.
• Royal Bank of Canada raised its target price to GBX 1,260 and rated the stock “Outperform.” Polar Capital has an overall “Buy” consensus rating and an average target price of GBX 995 from three analysts.
• Polar Capital reported quarterly EPS of GBX 59.20, with a 21.43% net margin and 42.37% return on equity; meanwhile, two insiders sold shares worth approximately £1.10 million combined.

Polar Capital (LON:POLR - Get Free Report)'s stock had its "buy" rating reissued by Deutsche Bank Aktiengesellschaft in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 1,100 target price on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 27.46% from the stock's current price.

Separately, Royal Bank Of Canada increased their target price on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the company an "outperform" rating in a report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 995.

Polar Capital Stock Performance

LON:POLR opened at GBX 863 on Friday. The firm's fifty day simple moving average is GBX 872.74 and its 200-day simple moving average is GBX 767.02. 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 £813.60 million, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. Polar Capital has a fifty-two week low of GBX 435.50 and a fifty-two week high of GBX 990.

Polar Capital (LON:POLR - Get Free Report) last announced its quarterly earnings data 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%. Analysts expect that Polar Capital will post 42.5061425 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Samir Ayub sold 59,154 shares of the stock in a transaction dated 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 the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £573,917.40. 13.26% of the stock is owned by insiders.

Polar Capital Company Profile

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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