Quilter (LON:QLT) Stock Falls 0.2% – Here’s What Happened

Quilter plc (LON:QLT) traded down 0.2% during trading on Monday. The stock traded as low as GBX 175 and last traded at GBX 178.20. 2,329,037 shares traded hands during trading, a decline of 89% from the average session volume of 21,715,059 shares. The stock had previously closed at GBX 178.60.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 235 price target on shares of Quilter in a research note on Friday, August 7th. Citigroup raised their price objective on shares of Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Berenberg Bank boosted their price objective on shares of Quilter from GBX 215 to GBX 220 and gave the stock a “buy” rating in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 210.86.

Quilter Stock Up 1.6%

The firm has a 50 day moving average of GBX 190.82 and a two-hundred day moving average of GBX 188.72. The stock has a market capitalization of £2.43 billion, a PE ratio of 21.18, a P/E/G ratio of 2.50 and a beta of 0.82. The company has a current ratio of 2.09, a quick ratio of 0.05 and a debt-to-equity ratio of 19.46.

Quilter (LON:QLT) last posted its earnings results on Thursday, August 6th. The company reported GBX 3.30 EPS for the quarter. Quilter had a return on equity of 8.39% and a net margin of 0.88%. Equities research analysts anticipate that Quilter plc will post 9.004676 earnings per share for the current 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.