Polar Capital (LON:POLR) Announces Earnings Results

Polar Capital (LON:POLR) released its quarterly earnings data on Wednesday. The company reported GBX 59.20 EPS for the quarter, Digital Look Earnings reports. Polar Capital had a net margin of 16.62% and a return on equity of 30.00%.

Polar Capital Price Performance

LON:POLR traded up GBX 38 during mid-day trading on Wednesday, reaching GBX 929. The stock had a trading volume of 1,809,884 shares, compared to its average volume of 637,977. Polar Capital has a 12 month low of GBX 435 and a 12 month high of GBX 964. The stock has a market capitalization of £878.04 million, a PE ratio of 23.23, a P/E/G ratio of 0.79 and a beta of 0.93. The stock has a 50-day simple moving average of GBX 788.34 and a two-hundred day simple moving average of GBX 667.47.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 670 price target on shares of Polar Capital in a research report on Tuesday, April 7th. 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 report on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.