Quilter (LON:QLT) Shares Break Above Fifty Day Moving Average – Here’s What Happened

Shares of Quilter plc (LON:QLT) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 184.02 and traded as high as GBX 185.20. Quilter shares last traded at GBX 184.70, with a volume of 235,023,953 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on QLT shares. Citigroup lifted their price objective on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Royal Bank Of Canada restated an “outperform” rating and set a GBX 235 target price on shares of Quilter in a report on Friday, August 7th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 220 target price on shares of Quilter in a report on Thursday, October 22nd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 210.86.

Quilter Stock Up 0.1%

The company has a debt-to-equity ratio of 19.46, a quick ratio of 0.05 and a current ratio of 2.09. The stock has a market cap of £2.48 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.50 and a beta of 0.82. The firm’s 50-day simple moving average is GBX 184.02 and its two-hundred day simple moving average is GBX 187.86.

Quilter (LON:QLT) last announced its earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. On average, sell-side analysts expect that Quilter plc will post 9.00 EPS for the current fiscal year.

About Quilter

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.