Polar Capital (LON:POLR) Price Target Raised to GBX 570

Polar Capital (LON:POLR) had its price objective lifted by Deutsche Bank Aktiengesellschaft from GBX 510 ($6.71) to GBX 570 ($7.50) in a report issued on Tuesday morning, MarketBeat.com reports. The firm currently has a hold rating on the stock.

Polar Capital Price Performance

Shares of POLR opened at GBX 510 ($6.71) on Tuesday. Polar Capital has a 12 month low of GBX 385 ($5.06) and a 12 month high of GBX 615 ($8.09). The company has a debt-to-equity ratio of 5.52, a current ratio of 2.61 and a quick ratio of 2.45. The stock has a fifty day moving average price of GBX 558.02 and a 200 day moving average price of GBX 522.27. The company has a market cap of £484.04 million, a P/E ratio of 1,214.29, a PEG ratio of 0.79 and a beta of 1.18.

Polar Capital Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 2nd. Shareholders of record on Thursday, July 4th were paid a dividend of GBX 32 ($0.42) per share. This represents a yield of 5.91%. This is a positive change from Polar Capital’s previous dividend of $14.00. The ex-dividend date was Thursday, July 4th. Polar Capital’s payout ratio is presently 10,952.38%.

Insiders Place Their Bets

In other news, insider Gavin Rochussen sold 63,111 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of GBX 600 ($7.89), for a total transaction of £378,666 ($497,917.16). 15.23% of the stock is owned by insiders.

Polar Capital Company Profile