Polar Capital (LON:POLR) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Shares of Polar Capital Holdings plc fell below their 200-day moving average of GBX 437.76, closing at GBX 451.50 with a trading volume of 211,817 shares.
• Analysts have mixed ratings for POLR, with Deutsche Bank raising its price target to GBX 550 and Royal Bank of Canada maintaining an "outperform" rating with a target of GBX 560.
• Insiders sold a total of 46,669 shares in July, indicating some level of insider activity with 12.45% of the stock currently held by insiders.

Polar Capital Holdings plc (LON:POLR - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 437.76 ($5.94) and traded as low as GBX 435.50 ($5.91). Polar Capital shares last traded at GBX 451.50 ($6.12), with a volume of 211,817 shares changing hands.

Analyst Ratings Changes

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

Polar Capital Stock Up 0.2%

The company has a 50 day moving average of GBX 471.79 and a 200 day moving average of GBX 437.28. The firm has a market cap of £433.80 million, a price-to-earnings ratio of 1,253.46, a PEG ratio of 0.79 and a beta of 1.14.

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

Insiders Place Their Bets

In other Polar Capital news, insider Samir Ayub sold 15,953 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of GBX 473, for a total transaction of £75,457.69. Also, insider Gavin Rochussen sold 30,716 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 £145,286.68. Insiders own 12.45% of the company's stock.

Polar Capital Company Profile