Quilter (LON:QLT) Trading 0.3% Higher – Time to Buy?

Shares of Quilter plc (LON:QLT) traded up 0.3% on Thursday . The stock traded as high as GBX 187.90 and last traded at GBX 186.30. 4,674,375 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 22,809,820 shares. The stock had previously closed at GBX 185.80.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on QLT. Citigroup boosted their price target on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Berenberg Bank lifted their price objective on Quilter from GBX 215 to GBX 220 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 235 target price on shares of Quilter in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 210.86.

Quilter Stock Up 0.3%

The firm has a fifty day moving average price of GBX 197.19 and a 200 day moving average price of GBX 189.16. The company has a quick ratio of 0.05, a current ratio of 2.09 and a debt-to-equity ratio of 19.46. The company has a market cap of £2.52 billion, a P/E ratio of 21.66, a PEG ratio of 2.50 and a beta of 0.82.

Quilter (LON:QLT) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share (EPS) for the quarter. Quilter had a return on equity of 8.39% and a net margin of 0.88%. Equities research analysts forecast that Quilter plc will post 9.004676 earnings per share for the current year.

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.