Polar Capital (LON:POLR) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has raised its price target for Polar Capital from GBX 560 to GBX 640, indicating a potential upside of 20.89%.
• Deutsche Bank has upgraded Polar Capital's rating to "buy" with a new price target of GBX 600, contributing to a consensus "Buy" rating among analysts.
• Polar Capital reported a net margin of 19.65% and is expected to post earnings per share of approximately 42.51 for the current fiscal year.

Polar Capital (LON:POLR - Get Free Report) had its price target hoisted by analysts at Royal Bank Of Canada from GBX 560 to GBX 640 in a report issued on Friday,Digital Look reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 20.89% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Polar Capital to a "buy" rating and lifted their target price for the stock from GBX 550 to GBX 600 in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 620.

Polar Capital Price Performance

Shares of Polar Capital stock opened at GBX 529.41 on Friday. The business has a fifty day simple moving average of GBX 468.98 and a two-hundred day simple moving average of GBX 440.83. Polar Capital has a 1 year low of GBX 340.50 and a 1 year high of GBX 558. The company has a market capitalization of £507.54 million, a price-to-earnings ratio of 1,466.51, a P/E/G ratio of 0.79 and a beta of 1.14.

Polar Capital (LON:POLR - Get Free Report) last released 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 analysts anticipate that Polar Capital will post 42.5061425 earnings per share for the current fiscal year.

Insider Transactions at Polar Capital

In related news, insider Gavin Rochussen sold 30,716 shares of the firm'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 £145,286.68. Also, insider Samir Ayub sold 15,953 shares of the business'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. 12.45% of the stock is currently owned by company insiders.

Polar Capital Company Profile

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