Insider Buying: Quilter (LON:QLT) Insider Acquires 28,224 Shares of Stock

Quilter plc (LON:QLT) insider Chris Hill bought 28,224 shares of the company’s stock in a transaction on Friday, November 14th. The stock was bought at an average cost of GBX 177 per share, for a total transaction of £49,956.48.

Quilter Stock Performance

Shares of QLT stock traded up GBX 1.15 during trading hours on Monday, reaching GBX 178.50. The stock had a trading volume of 1,141,703 shares, compared to its average volume of 4,427,690. The firm has a market capitalization of £2.48 billion, a PE ratio of -1,785.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The firm has a 50-day simple moving average of GBX 171.88 and a 200-day simple moving average of GBX 162.80. Quilter plc has a twelve month low of GBX 119.70 and a twelve month high of GBX 190.90. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Berenberg Bank upgraded shares of Quilter to a “buy” rating and increased their target price for the company from GBX 150 to GBX 195 in a research report on Tuesday, August 12th. Citigroup upped their price target on shares of Quilter from GBX 172 to GBX 183 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Royal Bank Of Canada raised their price objective on shares of Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Jefferies Financial Group boosted their target price on Quilter from GBX 193 to GBX 203 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 190 price target on shares of Quilter in a research note on Friday, October 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Quilter has an average rating of “Moderate Buy” and a consensus target price of GBX 190.

Quilter Company Profile

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.