Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Polar Capital (LON:POLR) Stock

Polar Capital (LON:POLR) had its price objective boosted by analysts at Deutsche Bank Aktiengesellschaft from GBX 700 to GBX 750 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 20.39% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada raised their price objective on Polar Capital from GBX 650 to GBX 670 and gave the stock an “outperform” rating in a research report on Monday. Peel Hunt increased their price target on Polar Capital from GBX 510 to GBX 625 and gave the company a “buy” rating in a research note on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 681.67.

Polar Capital Trading Down 0.3%

Shares of LON:POLR traded down GBX 2 on Friday, reaching GBX 623. The company had a trading volume of 1,140,456 shares, compared to its average volume of 533,020. The firm has a market capitalization of £597.26 million, a PE ratio of 15.58, a PEG ratio of 0.79 and a beta of 1.14. Polar Capital has a 52-week low of GBX 340.50 and a 52-week high of GBX 639. The firm’s 50 day simple moving average is GBX 538.97 and its 200-day simple moving average is GBX 511.

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

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.