Pollen Street Group (LON:POLN) Shares Down 3.1% - What's Next?

Key Points

• Pollen Street Group's shares fell by 3.1%, trading as low as GBX 864 ($11.51) before closing at GBX 882 ($11.75), with a significant increase in trading volume.
• Berenberg Bank upgraded the stock's price target from GBX 900 to GBX 1,050, maintaining a "buy" rating, and analysts generally have a consensus rating of "buy" with a target price of GBX 1,050.
• The company reported a net margin of 70.52% and earnings per share (EPS) of GBX 46 for the last quarter, with forecasts of approximately 70.03 EPS for the current year.

Pollen Street Group Limited (LON:POLN - Get Free Report)'s stock price was down 3.1% on Tuesday . The stock traded as low as GBX 864 ($11.51) and last traded at GBX 882 ($11.75). Approximately 1,058,231 shares changed hands during trading, an increase of 711% from the average daily volume of 130,446 shares. The stock had previously closed at GBX 910 ($12.12).

Wall Street Analyst Weigh In

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

Pollen Street Group Price Performance

The business's 50-day moving average price is GBX 883.52 and its 200-day moving average price is GBX 807.49. The firm has a market capitalization of £534.47 million, a PE ratio of 1,010.24 and a beta of 0.22.

Pollen Street Group (LON:POLN - Get Free Report) last released its quarterly earnings results on Tuesday, September 16th. The company reported GBX 46 EPS for the quarter. Pollen Street Group had a net margin of 70.52% and a return on equity of 7.94%. Equities analysts forecast 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.

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