Polar Capital (LON:POLR) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Polar Capital Holdings plc (LON:POLR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Ratings Changes

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

Polar Capital Trading Down 0.6%

The company’s fifty day moving average is GBX 612.88 and its 200-day moving average is GBX 551.39. 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.

Insiders Place Their Bets

In other Polar Capital 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 transaction of £31,118.85. 12.94% of the stock is currently owned by corporate insiders.

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.