Pollen Street Group (LON:POLN) Trading 1.7% Higher – Here’s What Happened

Pollen Street Group Limited (LON:POLN)’s stock price traded up 1.7% on Monday . The company traded as high as GBX 938 and last traded at GBX 934. 50,395 shares were traded during trading, a decline of 35% from the average session volume of 77,275 shares. The stock had previously closed at GBX 918.

Analysts Set New Price Targets

POLN has been the topic of several research analyst reports. Peel Hunt reiterated a “buy” rating and issued a GBX 1,046 price target on shares of Pollen Street Group in a research note on Tuesday, November 18th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,120 target price on shares of Pollen Street Group in a report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 1,072.

Pollen Street Group Trading Up 1.7%

The business’s 50 day simple moving average is GBX 933.68 and its 200 day simple moving average is GBX 895.99. The firm has a market capitalization of £561.83 million, a PE ratio of 10.63 and a beta of 0.22.

Pollen Street Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is 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.