Quilter (LON:QLT) Stock Price Up 0.3% – Here’s What Happened

Quilter plc (LON:QLT) rose 0.3% during trading on Thursday . The stock traded as high as GBX 187.90 and last traded at GBX 186.30. 4,674,375 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 22,809,820 shares. The stock had previously closed at GBX 185.80.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on QLT. Berenberg Bank boosted their price objective on Quilter from GBX 215 to GBX 220 and gave the stock a “buy” rating in a report on Friday, August 7th. Citigroup lifted their price objective on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 235 price target on shares of Quilter in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quilter currently has an average rating of “Moderate Buy” and a consensus price target of GBX 210.86.

Quilter Price Performance

The company has a 50 day moving average price of GBX 197.19 and a 200 day moving average price of GBX 189.16. The company has a current ratio of 2.09, a quick ratio of 0.05 and a debt-to-equity ratio of 19.46. The company has a market capitalization of £2.52 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.50 and a beta of 0.82.

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

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.