Quilter (LON:QLT) Trading 1.4% Higher – Here’s What Happened

Quilter plc (LON:QLT) rose 1.4% during trading on Monday . The stock traded as high as GBX 192.90 and last traded at GBX 191.80. 84,887,469 shares were traded during trading, an increase of 250% from the average session volume of 24,263,789 shares. The stock had previously closed at GBX 189.10.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank Of Canada increased their price target on shares of Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 220 price objective on shares of Quilter in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a report on Thursday, March 5th. Berenberg Bank upped their price objective on Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 203.71.

Quilter Price Performance

The company has a fifty day simple moving average of GBX 187.58 and a two-hundred day simple moving average of GBX 185.58. The company has a market capitalization of £2.61 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.50 and a beta of 0.82. The company has a debt-to-equity ratio of 18.49, a quick ratio of 0.05 and a current ratio of 3.92.

Insider Activity at Quilter

In related news, insider Andrew Ross purchased 27,100 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of GBX 186 per share, with a total value of £50,406. Also, insider Steven Levin sold 679,997 shares of Quilter stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total value of £1,203,594.69. 0.51% of the stock is owned by insiders.

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.