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

Shares of Quilter plc (LON:QLT) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two investment 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 analysts that have updated their coverage on the stock in the last year is GBX 203.71.

Several brokerages recently weighed in on QLT. Jefferies Financial Group restated a “buy” rating and issued a GBX 220 price target on shares of Quilter in a research note on Wednesday, April 15th. 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 research note on Tuesday, April 21st. Royal Bank Of Canada lifted their price target on Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Berenberg Bank lifted their price target on Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research note on Thursday, March 5th.

Insider Buying and Selling

In related news, insider Mark Satchel sold 570,445 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 value of £1,009,687.65. Also, insider Andrew Ross acquired 27,100 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of GBX 186 per share, for a total transaction of £50,406. 0.51% of the stock is currently owned by insiders.

Quilter Price Performance

Shares of Quilter stock opened at GBX 192.10 on Wednesday. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49. Quilter has a twelve month low of GBX 150.50 and a twelve month high of GBX 201.60. The business has a 50-day moving average price of GBX 187.58 and a 200 day moving average price of GBX 185.58. The firm has a market cap of £2.63 billion, a PE ratio of 22.34, a P/E/G ratio of 2.50 and a beta of 0.82.

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.