Quilter (QLT) Sets New 12-Month Low at $114.16
Quilter PLC (LON:QLT) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 114.16 ($1.49) and last traded at GBX 115.02 ($1.50), with a volume of 7074176 shares changing hands. The stock had previously closed at GBX 121.14 ($1.58).
QLT has been the topic of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Quilter in a research report on Thursday, September 20th. Numis Securities increased their price objective on Quilter from GBX 142 ($1.86) to GBX 147 ($1.92) and gave the company a “hold” rating in a research report on Thursday, August 9th. Goldman Sachs Group initiated coverage on Quilter in a research report on Monday, August 6th. They set a “buy” rating and a GBX 180 ($2.35) price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Quilter in a research report on Monday, August 6th. They set a “neutral” rating and a GBX 163 ($2.13) price objective on the stock.
In other news, insider Glyn Jones bought 50,000 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were acquired at an average cost of GBX 151 ($1.97) per share, with a total value of £75,500 ($98,654.12).
Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. The company operates through two segments, Advice & Wealth Management, and Wealth Platforms. The Advice & Wealth Management segment offers regulated face-to-face advice services to individuals and businesses in financial planning, mortgages, and protection through qualified financial advisers and mortgage and protection advisers; multi-asset investment solutions for its customers' accumulation and decumulation needs; and discretionary and advisory wealth management services to private clients, corporates, pension funds, trusts, and charities.
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