Quilter plc (LON:QLT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Quilter plc (LON:QLT) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 210.86.

Several equities research analysts recently commented on QLT shares. Berenberg Bank boosted their target price on Quilter from GBX 215 to GBX 220 and gave the stock a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. decreased their price target on Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Citigroup lifted their price target on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 235 price objective on shares of Quilter in a research note on Friday, August 7th.

Quilter Price Performance

Shares of LON QLT opened at GBX 196.30 on Thursday. Quilter has a fifty-two week low of GBX 150.80 and a fifty-two week high of GBX 209. The firm’s 50-day simple moving average is GBX 196.92 and its 200 day simple moving average is GBX 189.05. The company has a quick ratio of 0.05, a current ratio of 2.09 and a debt-to-equity ratio of 19.46. The stock has a market cap of £2.65 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.50 and a beta of 0.82.

Quilter (LON:QLT) last announced 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%. Equities analysts expect that Quilter will post 9.004676 EPS for the current year.

Insider Buying and Selling

In other Quilter news, insider Andrew Ross bought 27,100 shares of Quilter stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of GBX 186 per share, for a total transaction of £50,406. 0.52% of the stock is currently owned by corporate insiders.

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.