Quilter (OTCMKTS:QUILF) Trading 8.6% Higher – Still a Buy?

Shares of Quilter plc (OTCMKTS:QUILF) were up 8.6% on Friday . The stock traded as high as $2.58 and last traded at $2.58. Approximately 100 shares were traded during trading, a decline of 89% from the average daily volume of 880 shares. The stock had previously closed at $2.3750.

Analyst Ratings Changes

Several equities analysts have recently issued reports on QUILF shares. Citigroup reaffirmed a “neutral” rating on shares of Quilter in a research note on Thursday, April 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Quilter in a report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Quilter Stock Performance

The business’s 50 day simple moving average is $2.75 and its 200 day simple moving average is $2.75.

About Quilter

Quilter (OTCMKTS:QUILF) is a UK-based wealth management company that provides a comprehensive suite of financial planning and investment solutions to private clients, financial advisers and intermediaries. The company’s core activities include discretionary fund management, retirement planning, estate and tax planning, and advisory services. Quilter operates a multi–asset investment platform that enables clients to access a broad range of funds, model portfolios and bespoke investment strategies designed to meet diverse risk profiles and financial objectives.

Established as part of the Old Mutual Group, Quilter was demerged and listed on the London Stock Exchange in June 2018, marking its emergence as an independent, publicly traded entity.