Polar Capital (LON:POLR) Shares Cross Below 200 Day Moving Average - Time to Sell?

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.

Shares of Polar Capital Holdings plc (LON:POLR - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 437.76 ($5.98) and traded as low as GBX 435.50 ($5.94). Polar Capital shares last traded at GBX 451.50 ($6.16), with a volume of 211,817 shares.

Analyst Upgrades and Downgrades

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

Polar Capital Trading Up 1.4%

The stock has a market capitalization of £440.99 million, a price-to-earnings ratio of 1,274.24, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14. The stock's 50 day moving average is GBX 470.39 and its two-hundred day moving average is GBX 437.55.

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

Insider Transactions at Polar Capital

In other news, insider Gavin Rochussen sold 30,716 shares of the stock in a transaction dated 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 company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of GBX 473, for a total transaction of £75,457.69. Corporate insiders own 12.45% of the company's stock.

Polar Capital Company Profile