Polar Capital (LON:POLR) Releases Earnings Results

by · The Markets Daily

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

Polar Capital Trading Up 2.9%

LON:POLR opened at GBX 917 on Wednesday. The firm has a market capitalization of £866.69 million, a PE ratio of 22.93, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. Polar Capital has a 52 week low of GBX 435 and a 52 week high of GBX 964. The stock has a 50 day moving average of GBX 788.34 and a 200-day moving average of GBX 667.47.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on POLR shares. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 670 price target on shares of Polar Capital in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock 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, the company currently has an average rating of “Buy” and a consensus target price of GBX 848.33.

View Our Latest Stock Report on POLR

About Polar Capital

(Get Free Report)

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.

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