Polar Capital (LON:POLR) Sets New 1-Year High – Here’s What Happened

Shares of Polar Capital Holdings plc (LON:POLR) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 785 and last traded at GBX 776, with a volume of 1329757 shares traded. The stock had previously closed at GBX 774.54.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 670 price objective on shares of Polar Capital in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Polar Capital from GBX 900 to GBX 1,050 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Polar Capital presently has a consensus rating of “Buy” and an average target price of GBX 781.67.

Polar Capital Price Performance

The stock’s 50-day simple moving average is GBX 664.27 and its 200 day simple moving average is GBX 605.66. The stock has a market capitalization of £736.36 million, a P/E ratio of 19.43, a PEG ratio of 0.79 and a beta of 0.90.

About Polar Capital

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in 2001 and is based in London, United Kingdom.