Quilter (LON:QLT) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Quilter plc (LON:QLT) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 187.83 and traded as high as GBX 191.20. Quilter shares last traded at GBX 190.50, with a volume of 1,808,409 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on QLT shares. Berenberg Bank restated a “buy” rating and set a GBX 220 target price on shares of Quilter in a research report on Thursday, October 22nd. Citigroup increased their target price on Quilter from GBX 195 to GBX 210 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 235 target price on shares of Quilter in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Quilter has a consensus rating of “Moderate Buy” and a consensus price target of GBX 210.86.

Quilter Trading Up 1.0%

The company has a debt-to-equity ratio of 19.46, a quick ratio of 0.05 and a current ratio of 2.09. The firm has a fifty day moving average price of GBX 182.91 and a 200 day moving average price of GBX 187.83. The company has a market cap of £2.58 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.50 and a beta of 0.82.

Quilter (LON:QLT) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 3.30 EPS for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. As a group, equities analysts predict that Quilter plc will post 9.00 EPS for the current fiscal year.

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.