Pollen Street Group (LON:POLN) Hits New 12-Month High - Here's What Happened

Key Points

• Pollen Street Group (LON:POLN) reached a new 52-week high at GBX 954 ($12.89) shortly after trading commenced, up from a previous close of GBX 946 ($12.79).
• Berenberg Bank raised its price target for Pollen Street Group from GBX 900 to GBX 1,050 and maintains a "buy" rating on the stock, reflecting positive sentiment among analysts.
• The company's recent earnings report showed an earnings per share (EPS) of GBX 46 for the quarter, with a strong net margin of 70.52% and a return on equity of 7.94%.

Pollen Street Group Limited (LON:POLN - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 954 ($12.89) and last traded at GBX 954 ($12.89), with a volume of 52389 shares changing hands. The stock had previously closed at GBX 946 ($12.79).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on Pollen Street Group from GBX 900 to GBX 1,050 and gave the company a "buy" rating in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Pollen Street Group currently has an average rating of "Buy" and a consensus price target of GBX 1,050.

Pollen Street Group Price Performance

The stock has a market cap of £570.95 million, a price-to-earnings ratio of 1,203.82 and a beta of 0.22. The firm has a fifty day moving average of GBX 851.39 and a 200 day moving average of GBX 787.46.

Pollen Street Group (LON:POLN - Get Free Report) last issued its earnings results on Tuesday, September 16th. The company reported GBX 46 earnings per share (EPS) for the quarter. Pollen Street Group had a return on equity of 7.94% and a net margin of 70.52%. Research analysts anticipate that Pollen Street Group Limited will post 70.0302725 earnings per share for the current fiscal year.

About Pollen Street Group

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.

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