Quilter (LON:QLT) Rating Reiterated by Berenberg Bank

Quilter (LON:QLT)‘s stock had its “hold” rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Thursday, Digital Look reports. They currently have a GBX 105 ($1.30) price objective on the stock. Berenberg Bank’s price target would suggest a potential downside of 2.60% from the company’s current price.

Quilter Price Performance

Shares of QLT stock opened at GBX 107.80 ($1.33) on Thursday. The firm’s 50-day moving average is GBX 102.53 and its two-hundred day moving average is GBX 97.73. The company has a market capitalization of £1.50 billion, a PE ratio of 3,593.33, a price-to-earnings-growth ratio of 4.18 and a beta of 1.08. Quilter has a 12 month low of GBX 71.20 ($0.88) and a 12 month high of GBX 109.80 ($1.36). The company has a debt-to-equity ratio of 18.37, a current ratio of 1.21 and a quick ratio of 0.05.

Insider Activity at Quilter

In related news, insider Mark Satchel sold 41,557 shares of Quilter stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of GBX 103 ($1.27), for a total value of £42,803.71 ($52,870.20). Company insiders own 5.28% of the company’s stock.

About Quilter

Quilter plc provides advice-led investment solutions in the United Kingdom and internationally. It operates through High Net Worth and Affluent segments. The High Net Worth segment provides discretionary investment management services to high-net worth clients, charities, companies, and institutions through a network of branches; and financial advice services for protection, mortgages, savings, investment, and pensions primarily to high-net-worth clients.