Quilter (LON:QLT) Sets New 12-Month High After Analyst Upgrade

Quilter plc (LON:QLT)’s stock price reached a new 52-week high on Thursday after Citigroup raised their price target on the stock from GBX 183 to GBX 198. Citigroup currently has a neutral rating on the stock. Quilter traded as high as GBX 191.70 and last traded at GBX 191.30, with a volume of 4879771 shares traded. The stock had previously closed at GBX 187.20.

A number of other equities analysts have also recently weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Quilter from GBX 193 to GBX 203 and gave the stock a “buy” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Royal Bank Of Canada raised their price target on shares of Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a report on Friday, October 3rd. Finally, UBS Group reissued a “buy” rating and set a GBX 190 target price on shares of Quilter in a report on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 195.

Insider Transactions at Quilter

In other Quilter news, insider Chris Hill bought 28,224 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were acquired at an average cost of GBX 177 per share, with a total value of £49,956.48. Also, insider Alison Morris bought 13,857 shares of the stock in a transaction dated Friday, November 14th. The shares were bought at an average price of GBX 179 per share, for a total transaction of £24,804.03. 0.36% of the stock is currently owned by corporate insiders.

Quilter Stock Performance

The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. The company has a market cap of £2.67 billion, a price-to-earnings ratio of -1,926.00, a PEG ratio of 2.50 and a beta of 1.05. The firm has a 50 day simple moving average of GBX 183.20 and a 200-day simple moving average of GBX 172.70.

Quilter Company Profile

Quilter is a leading UK and cross-border full-service wealth management business, whose purpose is to help create prosperity for the generations of today and tomorrow. It has leading positions in one of the world’s largest wealth markets, and its multi-channel proposition and investment performance are delivering attractive growth.