Quilter plc (LON:QLT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Quilter plc (LON:QLT) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 190.

A number of equities research analysts have recently weighed in on QLT shares. UBS Group restated a “buy” rating and issued a GBX 190 price objective on shares of Quilter in a report on Friday, October 17th. JPMorgan Chase & Co. boosted their price target on shares of Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Royal Bank Of Canada upped their price target on shares of Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Jefferies Financial Group lifted their price objective on Quilter from GBX 193 to GBX 203 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Quilter from GBX 155 to GBX 160 and gave the company a “hold” rating in a report on Friday, October 3rd.

Quilter Stock Down 0.4%

Shares of QLT opened at GBX 184.40 on Friday. The firm has a market cap of £2.56 billion, a P/E ratio of -1,844.00, a P/E/G ratio of 2.50 and a beta of 1.05. The stock has a 50 day simple moving average of GBX 177.94 and a two-hundred day simple moving average of GBX 166.45. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. Quilter has a 1 year low of GBX 119.70 and a 1 year high of GBX 191.

Insider Buying and Selling

In other news, insider Chris Hill purchased 28,224 shares of the company’s stock in a transaction on Friday, November 14th. The stock was acquired at an average price of GBX 177 per share, with a total value of £49,956.48. Also, insider Alison Morris purchased 13,857 shares of the business’s stock in a transaction on Friday, November 14th. The stock was purchased at an average cost of GBX 179 per share, for a total transaction of £24,804.03. Corporate insiders own 0.36% of the company’s stock.

About Quilter

Quilter is a leading UK and cross-border full-service wealth management business, whose purpose is to help create prosperity for the generations of today and tomorrow. It has leading positions in one of the world’s largest wealth markets, and its multi-channel proposition and investment performance are delivering attractive growth.