Polar Capital (POLR) Given Buy Rating at Canaccord Genuity

Polar Capital (LON:POLR)‘s stock had its “buy” rating reissued by Canaccord Genuity in a note issued to investors on Wednesday. They presently have a GBX 555 ($7.47) price objective on the stock. Canaccord Genuity’s price target would indicate a potential upside of 14.67% from the stock’s current price.

A number of other analysts also recently issued reports on POLR. Numis Securities lifted their price objective on Polar Capital from GBX 490 ($6.59) to GBX 495 ($6.66) and gave the stock a “hold” rating in a research note on Monday. Shore Capital reiterated a “hold” rating on shares of Polar Capital in a report on Tuesday, August 15th. Finally, Peel Hunt upgraded Polar Capital to a “buy” rating and lifted their target price for the stock from GBX 480 ($6.46) to GBX 560 ($7.54) in a report on Thursday, October 12th.

Polar Capital (LON POLR) traded up GBX 4.75 ($0.06) during trading hours on Wednesday, reaching GBX 484 ($6.51). The company’s stock had a trading volume of 7,757 shares, compared to its average volume of 43,092. Polar Capital has a 1-year low of GBX 280 ($3.77) and a 1-year high of GBX 499.75 ($6.73).

In related news, insider Win Robbins bought 10,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was purchased at an average price of GBX 487 ($6.55) per share, for a total transaction of £48,700 ($65,545.09). Also, insider Tim Woolley sold 868,073 shares of Polar Capital stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of GBX 450 ($6.06), for a total value of £3,906,328.50 ($5,257,508.08).

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Polar Capital Company Profile

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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