Polar Capital (LON:POLR) Given New GBX 1,260 Price Target at Royal Bank Of Canada

Polar Capital (LON:POLR) had its price objective lifted by Royal Bank Of Canada from GBX 670 to GBX 1,260 in a research report sent to investors on Monday,Digital Look reports. They currently have an outperform rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a research note on Monday, June 1st. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Polar Capital currently has a consensus rating of “Buy” and an average target price of GBX 1,045.

Polar Capital Stock Down 2.7%

Shares of POLR opened at GBX 952.35 on Monday. Polar Capital has a 12 month low of GBX 435 and a 12 month high of GBX 990. The stock has a market cap of £900.10 million, a price-to-earnings ratio of 16.09, a P/E/G ratio of 0.79 and a beta of 0.93. The company has a 50-day moving average price of GBX 809.17 and a two-hundred day moving average price of GBX 679.88.

Polar Capital (LON:POLR) last issued its earnings results on Wednesday, July 1st. The company reported GBX 59.20 earnings per share (EPS) for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. Equities research analysts expect that Polar Capital will post 42.5061425 EPS for the current fiscal year.

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.