Quilter plc (LON:QLT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Quilter plc (LON:QLT) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 203.71.

Several analysts have issued reports on QLT shares. Deutsche Bank Aktiengesellschaft upped their price objective on Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research note on Thursday, March 5th. Berenberg Bank upped their price objective on Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research note on Friday, April 24th. Jefferies Financial Group restated a “buy” rating and issued a GBX 220 price objective on shares of Quilter in a research note on Wednesday, April 15th. Citigroup raised their price target on Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a report on Tuesday, April 21st.

Insider Buying and Selling at Quilter

In related news, insider Andrew Ross bought 27,100 shares of Quilter stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired 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 dated Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Insiders own 0.36% of the company’s stock.

Quilter Trading Up 2.1%

Shares of LON:QLT opened at GBX 194 on Friday. The company’s 50-day moving average price is GBX 182.34 and its two-hundred day moving average price is GBX 184.38. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05. Quilter has a one year low of GBX 144 and a one year high of GBX 201.60. The stock has a market capitalization of £2.66 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80.

Quilter (LON:QLT) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 8.90 EPS for the quarter. Quilter had a return on equity of 8.35% and a net margin of 1.28%. On average, equities analysts forecast that Quilter will post 9.004676 EPS for the current fiscal year.

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.