Published On: Mon, Sep 12th, 2016

Polar Capital Holdings plc (POLR) Stock Rating Reaffirmed by Canaccord Genuity

Polar Capital Holdings plc (LON:POLR)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity in a research note issued on Monday. They presently have a GBX 385 ($5.13) price objective on the stock. Canaccord Genuity’s price objective suggests a potential upside of 20.50% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. Peel Hunt restated an “add” rating and set a GBX 395 ($5.26) price objective on shares of Polar Capital Holdings plc in a research report on Thursday, April 14th. Panmure Gordon restated a “hold” rating and set a GBX 430 ($5.73) price objective on shares of Polar Capital Holdings plc in a research report on Thursday, April 14th. Shore Capital restated a “buy” rating on shares of Polar Capital Holdings plc in a research report on Thursday, July 14th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 372 ($4.95) price objective on shares of Polar Capital Holdings plc in a research report on Wednesday, April 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 368.75 ($4.91).
Shares of Polar Capital Holdings plc (LON:POLR) traded up 0.31% on Monday, hitting GBX 319.50. 5,719 shares of the company’s stock traded hands. Polar Capital Holdings plc has a 1-year low of GBX 262.00 and a 1-year high of GBX 433.00. The firm’s 50-day moving average price is GBX 309.88 and its 200 day moving average price is GBX 329.68. The company’s market cap is GBX 287.99 million.

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About Polar Capital Holdings plc
Polar Capital Holdings plc is a United Kingdom-based investment management company. The Company offers professional and institutional investors a range of fundamental research-driven funds diversified by asset class, geographical and sectoral specialization. The Company provides research driven specialist investment products across long only, long bias, equity long/short and other fundamentally driven hedge fund strategies.

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