Polar Capital (LON:POLR) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Polar Capital stock fell below its 200-day moving average of GBX 439.51, closing at GBX 441.80 during recent trading.
• Equities analysts have mixed ratings on Polar Capital, with a price target ranging from GBX 550 to GBX 560, and an average target price of GBX 555 indicating a Moderate Buy sentiment.
• Recent insider transactions involved the sale of over 46,000 shares by executive insiders, accounting for 12.45% of total stock ownership.

Polar Capital Holdings plc (LON:POLR - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 439.51 ($5.91) and traded as low as GBX 438.09 ($5.89). Polar Capital shares last traded at GBX 441.80 ($5.94), with a volume of 185,003 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 560 price objective on shares of Polar Capital in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Polar Capital from GBX 500 to GBX 550 and gave the company a "hold" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 555.

Polar Capital Stock Down 0.4%

The company's fifty day simple moving average is GBX 475.35 and its two-hundred day simple moving average is GBX 439.51. The company has a market capitalization of £423.14 million, a price-to-earnings ratio of 1,222.65, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14.

Polar Capital (LON:POLR - Get Free Report) last posted its earnings results on Monday, June 30th. The company reported GBX 54.20 earnings per share for the quarter. Polar Capital had a net margin of 19.65% and a return on equity of 32.10%. Equities research analysts expect that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current year.

Insider Buying and Selling at Polar Capital

In other news, insider Gavin Rochussen sold 30,716 shares of the 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 the 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. 12.45% of the stock is 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.