Pollen Street Group (LON:POLN) Shares Up 12.5% – What’s Next?

Pollen Street Group Limited (LON:POLN) shares traded up 12.5% during trading on Wednesday . The stock traded as high as GBX 960 and last traded at GBX 917. Approximately 610,795 shares traded hands during mid-day trading, an increase of 136% from the average session volume of 259,187 shares. The stock had previously closed at GBX 815.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,320 target price on shares of Pollen Street Group in a report on Wednesday, September 16th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 1,162.

Pollen Street Group Stock Performance

The stock has a market cap of £552.00 million, a PE ratio of 9.97 and a beta of 0.02. The firm has a fifty day moving average price of GBX 846.83 and a 200 day moving average price of GBX 834.29.

Pollen Street Group (LON:POLN) last announced its earnings results on Tuesday, September 15th. The company reported GBX 33.30 earnings per share for the quarter. Pollen Street Group had a return on equity of 8.17% and a net margin of 47.90%. On average, equities research analysts forecast that Pollen Street Group Limited will post 70.0302725 earnings per share for the current year.

About Pollen Street Group

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.