Polar Capital (LON:POLR) Receives Buy Rating from Peel Hunt

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Peel Hunt restated their buy rating on shares of Polar Capital (LON:POLR) in a research report sent to investors on Wednesday morning, LSE.Co.UK reports. The firm currently has a GBX 710 ($9.34) target price on the stock.

POLR has been the subject of a number of other research reports. Peel Hunt reiterated a buy rating and set a GBX 710 ($9.34) target price on shares of Polar Capital in a report on Wednesday. Shore Capital reiterated a buy rating on shares of Polar Capital in a report on Monday, November 25th.

POLR stock traded down GBX 6 ($0.08) during trading hours on Wednesday, reaching GBX 560 ($7.37). 110,199 shares of the stock were exchanged, compared to its average volume of 36,972. The firm’s 50-day moving average is GBX 546.50 and its 200-day moving average is GBX 544.22. The company has a market cap of $533.28 million and a price-to-earnings ratio of 10.89. Polar Capital has a 12 month low of GBX 450 ($5.92) and a 12 month high of GBX 628 ($8.26).

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 19th will be issued a GBX 8 ($0.11) dividend. This represents a dividend yield of 1.52%. The ex-dividend date is Thursday, December 19th. Polar Capital’s payout ratio is 0.64%.

About Polar Capital

Polar Capital Holdings plc is a publicly owned investment 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 December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

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