Polar Capital (LON:POLR) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Polar Capital Holdings plc (LON:POLR) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 546.05 and traded as high as GBX 613. Polar Capital shares last traded at GBX 605, with a volume of 880,006 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on POLR. Peel Hunt lifted their price target on shares of Polar Capital from GBX 510 to GBX 625 and gave the company a “buy” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft increased their target price on Polar Capital from GBX 700 to GBX 750 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Royal Bank Of Canada boosted their price target on Polar Capital from GBX 650 to GBX 670 and gave the company an “outperform” rating in a research report on Monday, January 19th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Polar Capital presently has an average rating of “Buy” and an average price target of GBX 681.67.

Polar Capital Stock Performance

The company’s fifty day moving average is GBX 546.05 and its two-hundred day moving average is GBX 516.38. The firm has a market cap of £580.00 million, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14.

Polar Capital (LON:POLR) last released its quarterly earnings data on Tuesday, November 25th. The company reported GBX 21.10 EPS for the quarter. Polar Capital had a return on equity of 32.10% and a net margin of 19.65%. As a group, analysts forecast that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current fiscal year.

Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund 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 2001 and is based in London, United Kingdom.