Pollen Street Group (LON:POLN) Reaches New 12-Month High After Analyst Upgrade

Key Points

• Pollen Street Group's stock achieved a new 52-week high, trading at GBX 908 ($12.39) during Wednesday's session, reflecting a significant increase from its previous closing price of GBX 876 ($11.96).
• The company reported an impressive net margin of 70.52% and a return on equity of 7.94% in its latest quarterly earnings, with an EPS of GBX 46.
• With a market cap of £544.54 million, Pollen Street Group operates as an alternative asset manager focused on the financial and business services sectors.

Pollen Street Group Limited (LON:POLN - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 900 to GBX 1,050. Berenberg Bank currently has a buy rating on the stock. Pollen Street Group traded as high as GBX 908 ($12.23) and last traded at GBX 902 ($12.15), with a volume of 274806 shares trading hands. The stock had previously closed at GBX 876 ($11.80).

Pollen Street Group Stock Performance

The firm has a market capitalization of £565.77 million, a PE ratio of 1,192.89 and a beta of 0.22. The company has a fifty day moving average price of GBX 848.31 and a 200-day moving average price of GBX 785.48.

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

Pollen Street Group Company Profile

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.