Quilter (LON:QLT) Trading Up 1.4% – Should You Buy?

Quilter plc (LON:QLT)’s share price traded up 1.4% on Monday . The stock traded as high as GBX 192.90 and last traded at GBX 191.80. 84,887,469 shares were traded during trading, an increase of 250% from the average session volume of 24,263,789 shares. The stock had previously closed at GBX 189.10.

Analyst Ratings Changes

QLT has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Quilter from GBX 220 to GBX 225 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft raised their target price on Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research note on Thursday, March 5th. Berenberg Bank upped their price target on shares of Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Citigroup raised their price objective on shares of Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Quilter currently has a consensus rating of “Moderate Buy” and an average price target of GBX 203.71.

Quilter Price Performance

The company has a current ratio of 3.92, a quick ratio of 0.05 and a debt-to-equity ratio of 18.49. The stock has a market capitalization of £2.62 billion, a P/E ratio of 22.30, a PEG ratio of 2.50 and a beta of 0.82. The company has a fifty day simple moving average of GBX 187.40 and a two-hundred day simple moving average of GBX 185.52.

Insider Activity at Quilter

In other Quilter news, insider Andrew Ross acquired 27,100 shares of Quilter stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of GBX 186 per share, with a total value of £50,406. Also, insider Steven Levin sold 679,997 shares of Quilter stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,203,594.69. 0.51% of the stock is currently owned by company insiders.

Quilter Company Profile

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.