Quilter plc (LON:QLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Quilter plc (LON:QLT) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 203.71.

Several research analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on Quilter from GBX 220 to GBX 225 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Jefferies Financial Group restated a “buy” rating and set a GBX 220 target price on shares of Quilter in a report on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Citigroup boosted their target price on Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Berenberg Bank boosted their target price on Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a report on Friday, April 24th.

Quilter Trading Down 0.4%

Shares of Quilter stock opened at GBX 192.10 on Wednesday. The stock has a market cap of £2.63 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.50 and a beta of 0.82. The stock’s 50 day simple moving average is GBX 187.58 and its 200-day simple moving average is GBX 185.58. Quilter has a 1-year low of GBX 150.50 and a 1-year high of GBX 201.60. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05.

Insider Activity

In other news, insider Mark Satchel sold 570,445 shares of Quilter stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total transaction of £1,009,687.65. Also, insider Steven Levin sold 679,997 shares of Quilter stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Corporate insiders own 0.51% of the company’s stock.

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.