Quilter (LON:QLT) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Quilter plc (LON:QLT)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 187.83 and traded as high as GBX 191.20. Quilter shares last traded at GBX 190.50, with a volume of 1,808,409 shares.

Analyst Ratings Changes

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

Quilter Stock Up 1.0%

The company’s 50-day moving average price is GBX 182.91 and its 200 day moving average price is GBX 187.83. The stock has a market cap of £2.58 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. The company has a debt-to-equity ratio of 19.46, a quick ratio of 0.05 and a current ratio of 2.09.

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 return on equity of 8.39% and a net margin of 0.88%. As a group, analysts forecast 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.