Quilter (OTCMKTS:QUILF) Trading Down 1.2% – What’s Next?

Quilter plc (OTCMKTS:QUILF) fell 1.2% on Tuesday . The company traded as low as $2.55 and last traded at $2.55. Approximately 100 shares traded hands during trading, a decline of 89% from the average session volume of 880 shares. The stock had previously closed at $2.58.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QUILF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Quilter in a research report on Friday, July 3rd. Citigroup restated a “neutral” rating on shares of Quilter in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Quilter in a report on Thursday, May 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Quilter Stock Performance

The firm’s 50 day simple moving average is $2.72 and its two-hundred day simple moving average is $2.72.

About Quilter

Quilter (OTCMKTS:QUILF) is a UK-based wealth management company that provides a comprehensive suite of financial planning and investment solutions to private clients, financial advisers and intermediaries. The company’s core activities include discretionary fund management, retirement planning, estate and tax planning, and advisory services. Quilter operates a multi–asset investment platform that enables clients to access a broad range of funds, model portfolios and bespoke investment strategies designed to meet diverse risk profiles and financial objectives.

Established as part of the Old Mutual Group, Quilter was demerged and listed on the London Stock Exchange in June 2018, marking its emergence as an independent, publicly traded entity.