Polar Capital (LON:POLR) Lifted to Buy at Numis Securities

Polar Capital (LON:POLR) was upgraded by stock analysts at Numis Securities to a “buy” rating in a research report issued on Wednesday, March 7th. The firm presently has a GBX 600 ($8.29) target price on the stock, up from their previous target price of GBX 590 ($8.15). Numis Securities’ target price indicates a potential upside of 18.73% from the company’s previous close.

A number of other brokerages also recently commented on POLR. Peel Hunt reaffirmed a “buy” rating and set a GBX 560 ($7.74) target price on shares of Polar Capital in a research note on Friday, January 5th. Shore Capital reaffirmed a “hold” rating on shares of Polar Capital in a research note on Thursday, January 11th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 555 ($7.67) target price on shares of Polar Capital in a research note on Tuesday, December 19th. Finally, Investec reaffirmed a “hold” rating and set a GBX 510 ($7.05) target price on shares of Polar Capital in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Polar Capital currently has a consensus rating of “Buy” and a consensus price target of GBX 550 ($7.60).

Polar Capital (LON:POLR) opened at GBX 505.33 ($6.98) on Wednesday. Polar Capital has a 52 week low of GBX 329 ($4.55) and a 52 week high of GBX 564 ($7.79). The company has a market cap of $462.07 and a PE ratio of 2,526.67.

In other Polar Capital news, insider Brian J. D. Ashford-Russell sold 375,000 shares of Polar Capital stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of GBX 518 ($7.16), for a total transaction of £1,942,500 ($2,683,752.42).

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Polar Capital Company Profile

Polar Capital Holdings plc is an investment management company. The Company is engaged in the provision of investment management and advisory services. The Company offers professional and institutional investors a range of geographical and sector investment opportunities. The Company offers fundamental funds diversified by asset class, geographical, sectoral specialization, strategy and structure.

Analyst Recommendations for Polar Capital (LON:POLR)

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