Pollen Street Group (LON:POLN) Trading Down 1.6% – Here’s What Happened

Pollen Street Group Limited (LON:POLN) shares fell 1.6% during trading on Tuesday . The company traded as low as GBX 836 and last traded at GBX 858. Approximately 299,471 shares changed hands during trading, an increase of 210% from the average session volume of 96,549 shares. The stock had previously closed at GBX 872.

Analyst Ratings Changes

A number of analysts have commented on POLN shares. Peel Hunt reiterated 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. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,120 price objective on shares of Pollen Street Group in a report on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pollen Street Group presently has an average rating of “Buy” and an average target price of GBX 1,072.

Pollen Street Group Stock Up 0.4%

The stock has a market capitalization of £516.77 million, a price-to-earnings ratio of 9.80 and a beta of 0.22. The stock’s 50-day simple moving average is GBX 918 and its 200 day simple moving average is GBX 904.24.

Pollen Street Group declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 5th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors 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.