Quilter (LON:QLT) Shares Break Above 50-Day Moving Average – Time to Sell?

Quilter plc (LON:QLT) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 184.02 and traded as high as GBX 185.20. Quilter shares last traded at GBX 184.70, with a volume of 235,023,953 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on QLT shares. Citigroup raised their price target on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a report on Monday, August 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 220 price objective on shares of Quilter in a report on Thursday, October 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 235 target price on shares of Quilter in a research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 210.86.

Quilter Stock Up 0.1%

The business’s fifty day simple moving average is GBX 184.02 and its 200 day simple moving average is GBX 187.86. The company has a current ratio of 2.09, a quick ratio of 0.05 and a debt-to-equity ratio of 19.46. The stock has a market cap of £2.48 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82.

Quilter (LON:QLT) last issued its earnings results on Thursday, August 6th. The company reported GBX 3.30 EPS for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. Equities analysts forecast that Quilter plc will post 9.00 earnings per share for the current fiscal year.

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.