Polar Capital (POLR) Receives Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Polar Capital (LON:POLR) in a report released on Friday. Peel Hunt currently has a GBX 560 ($7.49) price objective on the stock.

POLR has been the topic of several other reports. Numis Securities raised their price objective on Polar Capital from GBX 485 ($6.48) to GBX 490 ($6.55) and gave the company a hold rating in a research note on Thursday, November 2nd. Shore Capital reaffirmed a hold rating on shares of Polar Capital in a research note on Monday, December 11th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 500 ($6.69) price objective on shares of Polar Capital in a research note on Thursday, September 21st. Finally, Investec reissued a hold rating and set a GBX 510 ($6.82) price target on shares of Polar Capital in a research note on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 524 ($7.01).

Shares of Polar Capital (POLR) opened at GBX 552 ($7.38) on Friday. The firm has a market capitalization of $508.70 and a PE ratio of 2,760.00. Polar Capital has a 12 month low of GBX 294.25 ($3.93) and a 12 month high of GBX 564 ($7.54).

The company also recently declared a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, December 28th will be paid a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 1.16%. The ex-dividend date is Thursday, December 28th.

In related news, 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 ($6.02), for a total value of £3,906,328.50 ($5,223,062.58). Also, insider Hugh Aldous acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was bought at an average cost of GBX 500 ($6.69) per share, for a total transaction of £50,000 ($66,853.86).

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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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