Polar Capital (LON:POLR) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Polar Capital shares crossed above their 200-day moving average, reaching GBX 907 and last trading at GBX 899, compared with a 200-day average of GBX 740.98.
• Analyst sentiment remains positive: three analysts rate the stock a Buy, with an average target price of GBX 995. Royal Bank of Canada raised its target to GBX 1,260, while Deutsche Bank set a GBX 1,100 target.
• The company reported quarterly EPS of GBX 59.20, alongside a 42.37% return on equity and 21.43% net margin. Two insiders sold shares at GBX 882 each, while insiders collectively retain a 13.26% stake.

Shares of Polar Capital Holdings plc (LON:POLR - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 740.98 and traded as high as GBX 907. Polar Capital shares last traded at GBX 899, with a volume of 866,221 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on POLR. Royal Bank Of Canada raised their target price on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the stock an "outperform" rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Polar Capital from GBX 1,200 to GBX 1,100 and set a "buy" rating on the stock in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 995.

Polar Capital Price Performance

The stock's fifty day moving average price is GBX 864.74 and its 200-day moving average price is GBX 740.98. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.53 and a quick ratio of 2.45. The firm has a market cap of £847.54 million, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93.

Polar Capital (LON:POLR - Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported GBX 59.20 earnings per share (EPS) for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. Equities research analysts predict that Polar Capital Holdings plc will post 42.5061425 EPS for the current fiscal year.

Insider Activity

In related news, insider Iain Evans sold 65,070 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 £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 stock was sold at an average price of GBX 882, for a total transaction of £521,738.28. Insiders own 13.26% of the company's stock.

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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