Peel Hunt Forecasts Strong Price Appreciation for Polar Capital (LON:POLR) Stock

Key Points

• Peel Hunt has raised its target price for Polar Capital (LON:POLR) from GBX 510 to GBX 625, indicating an expected upside of 11.21% from the current price.
• Deutsche Bank upgraded Polar Capital to a "buy" rating with a new price target of GBX 600, while Royal Bank of Canada also increased their target to GBX 640.
• Insider transactions revealed that company executives sold shares at an average price of GBX 473 earlier in July, with 12.87% of the stock now owned by insiders.

Polar Capital (LON:POLR - Get Free Report) had its target price increased by equities researchers at Peel Hunt from GBX 510 to GBX 625 in a note issued to investors on Friday,Digital Look reports. The firm currently has a "buy" rating on the stock. Peel Hunt's target price suggests a potential upside of 11.21% from the company's current price.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded Polar Capital to a "buy" rating and increased their price objective for the stock from GBX 550 to GBX 600 in a report on Thursday, October 2nd. Royal Bank Of Canada increased their price objective on Polar Capital from GBX 560 to GBX 640 and gave the stock an "outperform" rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of GBX 621.67.

Polar Capital Stock Down 1.4%

Shares of POLR traded down GBX 8 during mid-day trading on Friday, reaching GBX 562. The company's stock had a trading volume of 399,659 shares, compared to its average volume of 305,066. The business has a fifty day moving average of GBX 476.19 and a 200 day moving average of GBX 444.47. The company has a market cap of £538.78 million, a price-to-earnings ratio of 1,556.79, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14. Polar Capital has a 1 year low of GBX 340.50 and a 1 year high of GBX 580.

Insider Transactions at Polar Capital

In related news, insider Gavin Rochussen sold 30,716 shares of Polar Capital stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of GBX 473, for a total transaction of £145,286.68. Also, insider Samir Ayub sold 15,953 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of GBX 473, for a total value of £75,457.69. 12.87% of the stock is owned by company insiders.

About Polar Capital

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