Polar Capital (LON:POLR) Hits New 12-Month High - Time to Buy?

Key Points

• Polar Capital's share price has reached a new 52-week high of GBX 574 ($7.69), showcasing strong market performance and trading volume of 186,863 shares.
• Analysts have upgraded Polar Capital with a consensus rating of "Buy" and a target price range between GBX 600 and GBX 640, indicating strong growth expectations.
• Insiders, including Gavin Rochussen and Samir Ayub, have sold substantial shares recently, collectively totaling over £220,000, which accounts for 12.87% of the stock owned by corporate insiders.

Polar Capital Holdings plc (LON:POLR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 574 ($7.69) and last traded at GBX 571 ($7.65), with a volume of 186863 shares trading hands. The stock had previously closed at GBX 542 ($7.26).

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Polar Capital to a "buy" rating and upped their target price for the company from GBX 550 to GBX 600 in a research report on Thursday, October 2nd. Royal Bank Of Canada upped their price target on Polar Capital from GBX 560 to GBX 640 and gave the company an "outperform" rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 620.

Polar Capital Trading Up 5.2%

The business has a 50 day moving average of GBX 474.19 and a 200-day moving average of GBX 443.57. The firm has a market capitalization of £546.45 million, a P/E ratio of 1,578.95, a PEG ratio of 0.79 and a beta of 1.14.

Insider Buying and Selling

In related news, insider Gavin Rochussen sold 30,716 shares of the stock in a transaction that occurred on 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 stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of GBX 473, for a total value of £75,457.69. 12.87% of the stock is currently owned by corporate insiders.

Polar Capital Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.