Quilter (LON:QLT) Trading 1.4% Higher – Here’s What Happened

Quilter plc (LON:QLT) rose 1.4% on Monday . The stock traded as high as GBX 192.90 and last traded at GBX 191.80. Approximately 84,887,469 shares traded hands during trading, an increase of 250% from the average daily volume of 24,263,789 shares. The stock had previously closed at GBX 189.10.

Analyst Ratings Changes

Several brokerages recently weighed in on QLT. JPMorgan Chase & Co. decreased their target price on Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Citigroup upped their price target on Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a report on Friday, April 24th. Royal Bank Of Canada increased their price objective on Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 220 target price on shares of Quilter in a research report on Wednesday, April 15th. Finally, Berenberg Bank increased their price target on shares of Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Quilter has a consensus rating of “Moderate Buy” and an average target price of GBX 203.71.

Quilter Price Performance

The stock has a market cap of £2.62 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. The company has a current ratio of 3.92, a quick ratio of 0.05 and a debt-to-equity ratio of 18.49. The company’s fifty day simple moving average is GBX 187.40 and its 200-day simple moving average is GBX 185.52.

Insider Buying and Selling

In other Quilter news, insider Steven Levin sold 679,997 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Also, insider Mark Satchel sold 570,445 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total value of £1,009,687.65. Company insiders own 0.51% of the company’s stock.

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.