Polar Capital (LON:POLR) Hits New 1-Year High – Still a Buy?

Polar Capital Holdings plc (LON:POLR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 898 and last traded at GBX 895, with a volume of 470609 shares trading hands. The stock had previously closed at GBX 825.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on POLR shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 670 price target on shares of Polar Capital in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Polar Capital has a consensus rating of “Buy” and an average price target of GBX 848.33.

Polar Capital Stock Up 9.1%

The stock’s 50 day moving average price is GBX 784.65 and its 200-day moving average price is GBX 665. The stock has a market capitalization of £850.63 million, a PE ratio of 22.50, a PEG ratio of 0.79 and a beta of 0.93.

Polar Capital Company Profile

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.