Pollen Street Group (LON:POLN) Shares Up 1.7% – Should You Buy?

Shares of Pollen Street Group Limited (LON:POLN) traded up 1.7% on Thursday . The company traded as high as GBX 871 and last traded at GBX 862.18. Approximately 60,459 shares changed hands during trading, a decline of 81% from the average daily volume of 311,654 shares. The stock had previously closed at GBX 848.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price target on shares of Pollen Street Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 1,088.67.

Pollen Street Group Price Performance

The company has a market capitalization of £508.91 million, a price-to-earnings ratio of 9.14 and a beta of 0.02. The stock has a 50 day simple moving average of GBX 846.88 and a two-hundred day simple moving average of GBX 852.85.

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.