Pollen Street Group (LON:POLN) Stock Jumps 12.5% – Still a Buy?

Shares of Pollen Street Group Limited (LON:POLN) were up 12.5% during mid-day trading on Wednesday. The company traded as high as GBX 960 and last traded at GBX 917. 610,795 shares were traded during trading, an increase of 136% from the average session volume of 259,187 shares. The stock had previously closed at GBX 815.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,320 price objective on shares of Pollen Street Group in a research note on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 1,162.

Pollen Street Group Stock Performance

The firm has a market capitalization of £541.71 million, a P/E ratio of 9.78 and a beta of 0.02. The firm has a 50 day simple moving average of GBX 849.43 and a two-hundred day simple moving average of GBX 836.51.

Pollen Street Group (LON:POLN) last posted its earnings results on Tuesday, September 15th. The company reported GBX 33.30 earnings per share (EPS) for the quarter. Pollen Street Group had a net margin of 47.90% and a return on equity of 8.17%. Sell-side analysts anticipate that Pollen Street Group Limited will post 70.0302725 earnings per share for the current year.

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.