Quilter (LON:QLT) Trading Up 0.3% – Here’s Why

Quilter plc (LON:QLT)’s stock price rose 0.3% on Thursday . The company traded as high as GBX 187.90 and last traded at GBX 186.30. Approximately 4,674,375 shares traded hands during trading, a decline of 80% from the average session volume of 22,809,820 shares. The stock had previously closed at GBX 185.80.

Analyst Upgrades and Downgrades

QLT has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 235 price objective on shares of Quilter in a research note on Friday, August 7th. Berenberg Bank lifted their target price on Quilter from GBX 215 to GBX 220 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Citigroup boosted their price target on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 210.86.

Quilter Trading Down 0.1%

The firm’s 50 day simple moving average is GBX 197.09 and its 200-day simple moving average is GBX 189.14. The company has a market capitalization of £2.52 billion, a PE ratio of 21.65, a P/E/G ratio of 2.50 and a beta of 0.82. The company has a quick ratio of 0.05, a current ratio of 2.09 and a debt-to-equity ratio of 19.46.

Quilter (LON:QLT) last posted its earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. As a group, equities research analysts anticipate that Quilter plc will post 9.004676 EPS for the current year.

About Quilter

Quilter is a leading UK-focused full-service wealth manager, providing advice-led investment solutions and investment platform services to over 500,000 clients.

Its purpose is to create brighter financial futures for every generation.

Quilter strives to do this through supporting long-term advice-based relationships, delivering good investment management performance while maintaining consistently high-quality customer service.

It has leading positions in one of the world’s largest wealth markets, and its multi-channel distribution, award-winning platform and investment solutions are delivering attractive growth.