Polar Capital (LON:POLR) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Polar Capital Holdings plc (LON:POLR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 730.10 and traded as high as GBX 859. Polar Capital shares last traded at GBX 848, with a volume of 29,530,395 shares traded.

Wall Street Analysts Forecast Growth

POLR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a research note on Monday, June 1st. Royal Bank Of Canada raised their price target on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,045.

Polar Capital Stock Performance

The stock has a market cap of £798.70 million, a price-to-earnings ratio of 14.32, a PEG ratio of 0.79 and a beta of 0.93. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.53 and a quick ratio of 2.45. The firm has a fifty day moving average of GBX 861.35 and a 200 day moving average of GBX 730.10.

Polar Capital (LON:POLR) last released its quarterly earnings data on Wednesday, July 1st. The company reported GBX 59.20 earnings per share for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. As a group, sell-side analysts forecast that Polar Capital Holdings plc will post 42.5061425 EPS for the current year.

Insider Buying and Selling at Polar Capital

In related news, insider Samir Ayub sold 59,154 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 882, for a total value of £521,738.28. Also, insider Iain Evans sold 65,070 shares of Polar Capital stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 882, for a total transaction of £573,917.40. 12.94% of the stock is owned by 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.