Polar Capital (LON:POLR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Polar Capital Holdings plc (LON:POLR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 550.85 and traded as high as GBX 629. Polar Capital shares last traded at GBX 618, with a volume of 127,789 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have commented on POLR shares. Royal Bank Of Canada lifted their target price on shares of Polar Capital from GBX 650 to GBX 670 and gave the stock an “outperform” rating in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft increased their target price on Polar Capital from GBX 750 to GBX 780 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Polar Capital presently has a consensus rating of “Buy” and an average price target of GBX 691.67.

Polar Capital Stock Performance

The firm has a market capitalization of £589.42 million, a P/E ratio of 15.45, a P/E/G ratio of 0.79 and a beta of 0.94. The stock has a fifty day moving average price of GBX 612.88 and a two-hundred day moving average price of GBX 550.85.

Insider Activity

In other news, insider Win Robbins sold 4,995 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of GBX 623, for a total value of £31,118.85. Insiders own 12.94% of the company’s stock.

About Polar Capital

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.