Polar Capital Holdings plc (POLR) Given “Hold” Rating at Numis Securities Ltd

Polar Capital Holdings plc (LON:POLR)‘s stock had its “hold” rating reissued by equities research analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday, July 13th. They currently have a GBX 415 ($5.40) price objective on the stock. Numis Securities Ltd’s price target points to a potential downside of 2.06% from the stock’s current price.

Several other research firms have also commented on POLR. Shore Capital reissued a “buy” rating on shares of Polar Capital Holdings plc in a research note on Tuesday, June 27th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 385 ($5.01) price target on shares of Polar Capital Holdings plc in a research note on Thursday, March 30th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 480 ($6.25) price target on shares of Polar Capital Holdings plc in a research note on Thursday, July 13th.

Polar Capital Holdings plc (POLR) traded up 0.53% during mid-day trading on Thursday, reaching GBX 423.75. 5,517 shares of the company’s stock traded hands. The firm’s 50-day moving average price is GBX 430.22 and its 200 day moving average price is GBX 394.88. Polar Capital Holdings plc has a one year low of GBX 272.60 and a one year high of GBX 460.00. The firm’s market cap is GBX 379.44 million.

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In other Polar Capital Holdings plc news, insider Tom Bartlam acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were acquired at an average cost of GBX 430 ($5.60) per share, for a total transaction of £215,000 ($279,984.37). Also, insider Tim Woolley sold 150,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of GBX 433 ($5.64), for a total transaction of £649,500 ($845,813.26).

About Polar Capital Holdings plc

Polar Capital Holdings plc is an investment management company. The Company is engaged in the provision of investment management and advisory services. The Company offers professional and institutional investors a range of geographical and sector investment opportunities. The Company offers fundamental funds diversified by asset class, geographical, sectoral specialization, strategy and structure.

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