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

Posted by Latisha Jones on Sep 6th, 2024

Polar Capital (LON:POLR – Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 510 ($6.71) to GBX 570 ($7.50) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Polar Capital Price Performance

Shares of POLR opened at GBX 496.50 ($6.53) on Tuesday. The firm has a fifty day moving average price of GBX 557.08 and a 200 day moving average price of GBX 522.76. The stock has a market cap of £471.23 million, a PE ratio of 1,182.14, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14. Polar Capital has a 1-year low of GBX 385 ($5.06) and a 1-year 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.

Polar Capital Increases Dividend

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

Insiders Place Their Bets

In other news, insider Gavin Rochussen sold 63,111 shares of the 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 value of £378,666 ($497,917.16). 15.23% of the stock is currently owned by corporate insiders.