Quilter plc (LON:QLT) Given Average Rating of “Moderate Buy” by Brokerages

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

Several research analysts recently weighed in on QLT shares. Citigroup boosted their target price on shares of 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 reiterated a “buy” rating and set a GBX 220 price target on shares of Quilter in a report on Wednesday, April 15th. Berenberg Bank boosted their price objective on shares of Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada upped their price objective on shares of Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st.

Quilter Price Performance

Shares of LON:QLT opened at GBX 193 on Friday. 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 52-week low of GBX 150.80 and a 52-week high of GBX 209. The stock’s fifty day simple moving average is GBX 194.51 and its 200-day simple moving average is GBX 188.20. The company has a market capitalization of £2.62 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.50 and a beta of 0.82.

Insider Activity

In other Quilter news, insider Andrew Ross acquired 27,100 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of GBX 186 per share, with a total value of £50,406. 0.52% of the stock is owned by company insiders.

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.