Pollen Street Group (LON:POLN) Stock Price Up 1.3% – Should You Buy?

Pollen Street Group Limited (LON:POLN)’s stock price shot up 1.3% during trading on Wednesday. The company traded as high as GBX 911 and last traded at GBX 905. Approximately 62,713 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 249,598 shares. The stock had previously closed at GBX 893.

Wall Street Analysts Forecast Growth

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

Pollen Street Group Stock Up 0.2%

The business’s fifty day moving average is GBX 863.81 and its 200-day moving average is GBX 853.54. The stock has a market capitalization of £539.47 million, a PE ratio of 11.28 and a beta of 0.02.

Pollen Street Group (LON:POLN) last posted its quarterly earnings results on Tuesday, September 15th. The company reported GBX 33.30 earnings per share for the quarter. Pollen Street Group had a net margin of 47.90% and a return on equity of 8.17%. As a group, sell-side analysts anticipate that Pollen Street Group Limited will post 70.03 EPS for the current fiscal 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.