Quilter (OTCMKTS:QUILF) Trading 8.6% Higher – Should You Buy?

Quilter plc (OTCMKTS:QUILF)’s share price was up 8.6% during mid-day trading on Friday . The company traded as high as $2.58 and last traded at $2.58. Approximately 100 shares were traded during trading, a decline of 89% from the average daily volume of 880 shares. The stock had previously closed at $2.3750.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on QUILF shares. Royal Bank Of Canada restated an “outperform” rating on shares of Quilter in a research note on Thursday, May 28th. Citigroup reissued a “neutral” rating on shares of Quilter in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Quilter Trading Up 8.6%

The stock’s 50 day moving average is $2.75 and its 200 day moving average is $2.75.

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.