Polar Capital (LON:POLR) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Polar Capital shares crossed above their 200-day moving average, reaching GBX 767 before closing at GBX 763, up 1.5% with trading volume of nearly 9.6 million shares.
• Analysts remain bullish: Peel Hunt and Deutsche Bank maintain or upgraded the stock to “buy,” while RBC rates it “outperform.” The consensus target price is GBX 1,220, substantially above the recent trading level.
• Polar Capital has a £718.6 million market capitalization and trades at a price-to-earnings ratio of 12.89, though its 50-day moving average of GBX 820.66 remains above the current share price.

Polar Capital Holdings plc (LON:POLR - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 753.03 and traded as high as GBX 767. Polar Capital shares last traded at GBX 763, with a volume of 9,597,749 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on POLR. Peel Hunt reiterated a "buy" rating and set a GBX 1,200 target price on shares of Polar Capital in a report on Monday, October 12th. Royal Bank Of Canada boosted their price target on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Polar Capital to a "buy" rating and boosted their price target for the stock from GBX 1,150 to GBX 1,200 in a research note on Friday, October 2nd. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 1,220.

Polar Capital Stock Up 1.5%

The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.45 and a current ratio of 2.53. The company has a market cap of £718.63 million, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92. The business has a 50-day simple moving average of GBX 820.66 and a 200-day simple moving average of GBX 753.03.

About Polar Capital

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in 2001 and is based in London, United Kingdom.

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