Polar Capital (LON:POLR) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Polar Capital (LON:POLR) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 600 price objective on the stock, up from their previous price objective of GBX 550. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 12.99% from the stock’s previous close.

Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 560 target price on shares of Polar Capital in a report on Monday, July 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 620.

Polar Capital Stock Up 5.1%

Shares of POLR stock opened at GBX 531 on Thursday. Polar Capital has a 12-month low of GBX 340.50 and a 12-month high of GBX 558. The firm has a fifty day moving average of GBX 470.07 and a 200-day moving average of GBX 441.51. The company has a market capitalization of £509.06 million, a price-to-earnings ratio of 1,470.91, a P/E/G ratio of 0.79 and a beta of 1.14.

Insiders Place Their Bets

In related news, insider Samir Ayub sold 15,953 shares of the business’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of GBX 473, for a total value of £75,457.69. Also, insider Gavin Rochussen sold 30,716 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of GBX 473, for a total transaction of £145,286.68. 12.45% of the stock is currently owned by company insiders.

Polar Capital Company Profile