Polar Capital’s (POLR) Hold Rating Reaffirmed at Numis Securities

Numis Securities reiterated their hold rating on shares of Polar Capital (LON:POLR) in a research report sent to investors on Wednesday. Numis Securities currently has a GBX 510 ($6.82) price objective on the stock.

A number of other research analysts have also recently commented on POLR. Canaccord Genuity restated a buy rating and set a GBX 500 ($6.69) price target on shares of Polar Capital in a research note on Thursday, September 21st. Peel Hunt upgraded shares of Polar Capital to a buy rating and raised their price target for the stock from GBX 480 ($6.42) to GBX 560 ($7.49) in a research note on Thursday, October 12th. Shore Capital restated a hold rating and set a GBX 485 ($6.48) price target on shares of Polar Capital in a research note on Friday, October 13th. Finally, Investec restated 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 524 ($7.01).

Polar Capital (POLR) traded down GBX 10 ($0.13) during midday trading on Wednesday, hitting GBX 548 ($7.33). 64,156 shares of the company traded hands, compared to its average volume of 15,719. Polar Capital has a twelve month low of GBX 294.25 ($3.93) and a twelve month high of GBX 564 ($7.54). The company has a market capitalization of $508.70 and a PE ratio of 2,740.00.

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

In other news, insider Tim Woolley sold 868,073 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of GBX 450 ($6.02), for a total transaction of £3,906,328.50 ($5,223,062.58). Also, insider Hugh Aldous acquired 10,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were purchased at an average cost of GBX 500 ($6.69) per share, with a total value 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.

Analyst Recommendations for Polar Capital (LON:POLR)

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