Quilter (LON:QLT) Shares Down 0.2% – What’s Next?

Quilter plc (LON:QLT)’s stock price traded down 0.2% during trading on Monday. The company traded as low as GBX 175 and last traded at GBX 178.20. Approximately 2,329,037 shares traded hands during trading, a decline of 89% from the average session volume of 21,715,059 shares. The stock had previously closed at GBX 178.60.

Analyst Upgrades and Downgrades

QLT has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Quilter from GBX 195 to GBX 210 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Berenberg Bank upped their price objective on shares of Quilter from GBX 215 to GBX 220 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 235 target price on shares of Quilter in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 210.86.

Quilter Stock Down 0.2%

The company has a debt-to-equity ratio of 19.46, a current ratio of 2.09 and a quick ratio of 0.05. The stock has a market capitalization of £2.41 billion, a PE ratio of 20.96, a PEG ratio of 2.50 and a beta of 0.82. The company has a 50 day moving average price of GBX 191.35 and a 200-day moving average price of GBX 188.74.

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