Polar Capital (LON:POLR) Issues Quarterly Earnings Results

Polar Capital (LON:POLR) released its earnings results on Wednesday. The company reported GBX 59.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of £264.30 million for the quarter. Polar Capital had a return on equity of 30.00% and a net margin of 16.62%.

Polar Capital Price Performance

Shares of POLR stock opened at GBX 914 on Wednesday. The stock has a market cap of £863.86 million, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. Polar Capital has a one year low of GBX 435 and a one year high of GBX 964. The stock has a fifty day moving average price of GBX 788.34 and a 200 day moving average price of GBX 667.47.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research report on Monday, June 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 670 target price on shares of Polar Capital in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 848.33.

Polar Capital Company Profile

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.