Pollen Street Group (LON:POLN) Stock Price Down 0.4% – Time to Sell?

Pollen Street Group Limited (LON:POLN)’s share price traded down 0.4% during mid-day trading on Friday . The stock traded as low as GBX 926 and last traded at GBX 930. 25,077 shares were traded during trading, a decline of 39% from the average session volume of 41,316 shares. The stock had previously closed at GBX 934.

Wall Street Analyst Weigh In

POLN has been the topic of several recent analyst reports. Panmure Gordon reissued a “buy” rating and set a GBX 1,120 price objective on shares of Pollen Street Group in a research note on Wednesday, November 19th. Berenberg Bank increased their price target on Pollen Street Group from GBX 900 to GBX 1,050 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,046 price objective on shares of Pollen Street Group in a research report on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,072.

Pollen Street Group Stock Performance

The stock’s fifty day simple moving average is GBX 926.88 and its two-hundred day simple moving average is GBX 880.80. The company has a market cap of £559.42 million, a price-to-earnings ratio of 10.58 and a beta of 0.22.

Pollen Street Group announced that its board has initiated a share buyback plan on Wednesday, November 5th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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.