Quilter (LON:QLT) Stock Falls 0.2% – Here’s Why

Shares of Quilter plc (LON:QLT) were down 0.2% during mid-day trading on Monday. The company traded as low as GBX 175 and last traded at GBX 178.20. 2,329,037 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 21,715,059 shares. The stock had previously closed at GBX 178.60.

Analyst Ratings Changes

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

Quilter Trading Down 0.2%

The stock’s fifty day simple moving average is GBX 191.35 and its two-hundred day simple moving average is GBX 188.74. The firm has a market cap of £2.41 billion, a PE ratio of 20.96, a PEG ratio of 2.50 and a beta of 0.82. The company has a quick ratio of 0.05, a current ratio of 2.09 and a debt-to-equity ratio of 19.46.

Quilter (LON:QLT) last released its earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share (EPS) for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. On average, sell-side analysts forecast 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.