Polar Capital (LON:POLR) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Polar Capital shares crossed above their 200-day moving average, reaching GBX 867 before last trading at GBX 852.89. The stock is up 0.2%, with a market capitalization of approximately £804 million.
• Analysts remain broadly positive: three analysts rate Polar Capital a Buy, with a consensus price target of GBX 995. Deutsche Bank lowered its target to GBX 1,100, while RBC raised its target to GBX 1,260.
• The company reported quarterly EPS of GBX 59.20, a 42.37% return on equity and a 21.43% net margin. However, insiders recently sold shares worth a combined approximately £1.1 million.

Polar Capital Holdings plc (LON:POLR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 751.65 and traded as high as GBX 867. Polar Capital shares last traded at GBX 852.89, with a volume of 185,782 shares trading hands.

Wall Street Analysts Forecast Growth

POLR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Polar Capital from GBX 1,200 to GBX 1,100 and set a "buy" rating for the company in a report on Thursday, August 6th. Royal Bank Of Canada increased their price target 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, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 995.

Polar Capital Trading Up 0.2%

The stock has a fifty day simple moving average of GBX 869.76 and a 200 day simple moving average of GBX 751.65. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.45 and a current ratio of 2.53. The firm has a market cap of £804.07 million, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91.

Polar Capital (LON:POLR - Get Free Report) last announced its quarterly 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%. On average, research analysts expect that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current fiscal year.

Insider Transactions at Polar Capital

In other news, insider Samir Ayub sold 59,154 shares of the firm's stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £521,738.28. Also, insider Iain Evans sold 65,070 shares of Polar Capital 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 £573,917.40. 13.26% of the stock is currently 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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