Polar Capital (LON:POLR) Price Target Raised to GBX 625

Key Points

• Analysts at Deutsche Bank have raised their price target for Polar Capital from GBX 600 to GBX 625, indicating a potential upside of 11.21% from the current stock price.
• Other research firms like Peel Hunt and Royal Bank of Canada have also elevated their price targets for the stock, with Royal Bank of Canada setting a new target of GBX 640.
• Despite the positive outlook from analysts, Polar Capital's shares traded down 1.4% recently, reaching a price of GBX 562.

Polar Capital (LON:POLR - Get Free Report) had its price target hoisted by analysts at Deutsche Bank Aktiengesellschaft from GBX 600 to GBX 625 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 11.21% from the stock's current price.

Other analysts have also issued research reports about the stock. Peel Hunt raised their price target on shares of Polar Capital from GBX 510 to GBX 625 and gave the company a "buy" rating in a report on Friday. Royal Bank Of Canada raised their price target on shares of Polar Capital from GBX 560 to GBX 640 and gave the company an "outperform" rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 630.

Polar Capital Trading Down 1.4%

Shares of Polar Capital stock traded down GBX 8 during midday trading on Thursday, reaching GBX 562. The company had a trading volume of 399,659 shares, compared to its average volume of 305,066. The company has a market capitalization 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. The stock has a fifty day simple moving average of GBX 476.19 and a 200 day simple moving average of GBX 444.47. Polar Capital has a 1-year low of GBX 340.50 and a 1-year high of GBX 580.

Insiders Place Their Bets

In other news, insider Gavin Rochussen sold 30,716 shares of Polar Capital stock in a transaction on Thursday, July 17th. The shares were 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 Polar Capital stock in a transaction on Thursday, July 17th. The stock was sold at an average price of GBX 473, for a total transaction of £75,457.69. Company insiders own 12.87% of the company's stock.

Polar Capital Company Profile

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