Pollen Street Group (LON:POLN) Reaches New 1-Year High – Here’s Why

Pollen Street Group Limited (LON:POLN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 960 and last traded at GBX 956.40, with a volume of 3583 shares traded. The stock had previously closed at GBX 950.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Berenberg Bank increased their price objective on Pollen Street Group from GBX 900 to GBX 1,050 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,120 target price on shares of Pollen Street Group in a report on Wednesday, November 19th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,046 price target on shares of Pollen Street Group in a research note on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,072.

Pollen Street Group Trading Up 0.6%

The firm has a fifty day moving average price of GBX 902.26 and a 200 day moving average price of GBX 845.77. The firm has a market cap of £575.20 million, a PE ratio of 10.87 and a beta of 0.22.

Pollen Street Group (LON:POLN) last released its quarterly earnings data on Tuesday, September 16th. The company reported GBX 46 earnings per share (EPS) for the quarter. Pollen Street Group had a net margin of 70.52% and a return on equity of 7.94%. As a group, equities analysts predict that Pollen Street Group Limited will post 70.0302725 earnings per share for the current year.

Pollen Street Group announced that its board has authorized a stock repurchase plan on Wednesday, November 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

About Pollen Street Group

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.