Quilter (LON:QLT) Hits New 52-Week High – Time to Buy?

Shares of Quilter plc (LON:QLT) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 194.20 and last traded at GBX 191.30, with a volume of 14046683 shares. The stock had previously closed at GBX 187.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a research report on Friday, October 3rd. Royal Bank Of Canada lifted their price objective on Quilter from GBX 200 to GBX 210 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their target price on Quilter from GBX 186 to GBX 189 and gave the company an “overweight” rating in a report on Friday, November 14th. UBS Group restated a “buy” rating and set a GBX 210 price target on shares of Quilter in a research note on Friday, January 16th. Finally, Citigroup upped their price target on shares of Quilter from GBX 183 to GBX 198 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 195.

Quilter Stock Up 4.2%

The company has a 50-day moving average of GBX 183.45 and a two-hundred day moving average of GBX 173.42. 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 capitalization of £2.71 billion, a PE ratio of -1,953.00, a P/E/G ratio of 2.50 and a beta of 1.05.

Insider Transactions at Quilter

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

About Quilter

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.