Polar Capital (POLR) Given “Buy” Rating at Peel Hunt

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Peel Hunt reiterated their buy rating on shares of Polar Capital (LON:POLR) in a research note released on Wednesday.

A number of other brokerages also recently commented on POLR. Numis Securities restated an add rating and issued a GBX 530 ($6.93) target price on shares of Polar Capital in a research note on Thursday, January 3rd. Shore Capital boosted their target price on Polar Capital from GBX 675 ($8.82) to GBX 750 ($9.80) and gave the company a buy rating in a research note on Monday, November 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of GBX 596 ($7.79).

Shares of LON POLR opened at GBX 480 ($6.27) on Wednesday. Polar Capital has a one year low of GBX 329 ($4.30) and a one year high of GBX 564 ($7.37).

The company also recently announced a dividend, which was paid on Friday, January 11th. Shareholders of record on Thursday, December 20th were paid a GBX 8 ($0.10) dividend. The ex-dividend date was Thursday, December 20th. This represents a yield of 1.63%.

In other Polar Capital news, insider Brian J. D. Ashford-Russell sold 250,000 shares of the business’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of GBX 485 ($6.34), for a total value of £1,212,500 ($1,584,346.01). Also, insider John Mansell sold 398,783 shares of the business’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of GBX 452 ($5.91), for a total value of £1,802,499.16 ($2,355,284.41).

Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned investment 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 December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

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Analyst Recommendations for Polar Capital (LON:POLR)

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