Quilter (LON:QLT) Shares Down 2.2%

Quilter plc (LON:QLT)’s share price dropped 2.2% on Wednesday . The stock traded as low as GBX 154.10 ($2.01) and last traded at GBX 154.60 ($2.02). Approximately 4,375,366 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 3,596,022 shares. The stock had previously closed at GBX 158.05 ($2.06).

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 186 ($2.43) price target on shares of Quilter in a report on Tuesday, February 23rd.

The business has a fifty day simple moving average of GBX 160.50. The firm has a market cap of £2.71 billion and a price-to-earnings ratio of 31.53. The company has a debt-to-equity ratio of 16.99, a quick ratio of 0.04 and a current ratio of 1.14.

About Quilter (LON:QLT)

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. The company operates in two segments, Advice and Wealth Management, and Wealth Platforms. The Advice and Wealth Management segment develops and manages various investment solutions in the form of funds.

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