Polar Capital (LON:POLR) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Polar Capital shares rose above their 50-day moving average, reaching GBX 873 before last trading at GBX 862.12 on volume of nearly 1.5 million shares.
• Analysts remain bullish: the stock has a consensus “Buy” rating and a GBX 995 price target, with recent targets ranging from GBX 1,100 to GBX 1,260.
• The company reported GBX 59.20 in quarterly earnings per share, alongside a 42.37% return on equity and a 21.43% net margin; two insiders subsequently sold shares at GBX 882.

Polar Capital Holdings plc (LON:POLR - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 855.45 and traded as high as GBX 873. Polar Capital shares last traded at GBX 862.12, with a volume of 1,497,752 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on POLR. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 1,100 price target on shares of Polar Capital in a report on Friday, September 4th. Royal Bank Of Canada boosted their price objective on Polar Capital from GBX 670 to GBX 1,260 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of GBX 995.

Polar Capital Stock Performance

The firm has a fifty day moving average of GBX 855.45 and a 200-day moving average of GBX 784.15. The firm has a market cap of £803.40 million, a P/E ratio of 14.41, a PEG ratio of 0.79 and a beta of 0.92. The company has a quick ratio of 2.45, a current ratio of 2.53 and a debt-to-equity ratio of 2.69.

Polar Capital (LON:POLR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported GBX 59.20 earnings per share for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. Research analysts predict that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current fiscal year.

Insider Activity at Polar Capital

In related news, insider Samir Ayub sold 59,154 shares of the business's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total transaction of £521,738.28. Also, insider Iain Evans sold 65,070 shares of the business's stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total transaction of £573,917.40. 12.94% of the stock is owned by insiders.

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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