Polar Capital (LON:POLR) Price Target Raised to GBX 570 at Deutsche Bank Aktiengesellschaft

Polar Capital (LON:POLR) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 510 ($6.71) to GBX 570 ($7.50) in a research note published on Tuesday morning, Marketbeat.com reports. They currently have a hold rating on the stock.

Polar Capital Trading Down 0.8 %

Shares of POLR stock opened at GBX 510 ($6.71) on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.61 and a debt-to-equity ratio of 5.52. The stock has a 50-day simple moving average of GBX 558.02 and a 200 day simple moving average of GBX 522.27. Polar Capital has a fifty-two week low of GBX 385 ($5.06) and a fifty-two week high of GBX 615 ($8.09). The stock has a market capitalization of £484.04 million, a P/E ratio of 1,214.29, a P/E/G ratio of 0.79 and a beta of 1.18.

Polar Capital Increases Dividend

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

Insider Activity at Polar Capital

In other news, insider Gavin Rochussen sold 63,111 shares of the business’s stock in a transaction 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). Company insiders own 15.23% of the company’s stock.

Polar Capital Company Profile