Royal Bank Of Canada Reaffirms Outperform Rating for Polar Capital (LON:POLR)

Polar Capital (LON:POLR)‘s stock had its “outperform” rating reiterated by equities researchers at Royal Bank Of Canada in a research note issued on Tuesday, Marketbeat.com reports. They currently have a GBX 670 price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 2.45% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft increased their price target on Polar Capital from GBX 750 to GBX 780 and gave the stock a “buy” rating in a report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 691.67.

Polar Capital Price Performance

Shares of Polar Capital stock opened at GBX 654 on Tuesday. Polar Capital has a 1 year low of GBX 349 and a 1 year high of GBX 663. The business has a 50-day moving average of GBX 622.94 and a two-hundred day moving average of GBX 571.42. The company has a market capitalization of £620.13 million, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 0.79 and a beta of 0.88.

Insider Buying and Selling

In related news, insider Win Robbins sold 4,995 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of GBX 623, for a total value of £31,118.85. Corporate 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.