Quilter (LON:QLT) Sets New 12-Month High – Time to Buy?

Shares of Quilter plc (LON:QLT) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 204 and last traded at GBX 204, with a volume of 1052550 shares trading hands. The stock had previously closed at GBX 197.90.

Analyst Upgrades and Downgrades

QLT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a report on Tuesday, April 21st. 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 reiterated a “buy” rating and issued a GBX 220 price objective on shares of Quilter in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Citigroup upped 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. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Quilter presently has an average rating of “Moderate Buy” and a consensus target price of GBX 203.71.

Quilter Stock Performance

The firm has a market cap of £2.78 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.50 and a beta of 0.82. The company has a debt-to-equity ratio of 18.49, a quick ratio of 0.05 and a current ratio of 3.92. The business’s 50-day simple moving average is GBX 188.80 and its 200 day simple moving average is GBX 185.99.

Insider Transactions at Quilter

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

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.