Quilter plc (LON:QLT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Quilter plc (LON:QLT) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 203.71.

Several analysts have recently weighed in on the company. Berenberg Bank upped their price objective on Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a report on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Citigroup boosted their price target on shares of Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 220 price target on shares of Quilter in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of Quilter from GBX 220 to GBX 225 and gave the stock an “outperform” rating in a research note on Thursday, May 28th.

Insider Buying and Selling

In other Quilter news, insider Andrew Ross bought 27,100 shares of Quilter stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of GBX 186 per share, for a total transaction of £50,406. 0.52% of the stock is currently owned by corporate insiders.

Quilter Stock Performance

Shares of LON QLT opened at GBX 204.20 on Friday. Quilter has a 1 year low of GBX 150.80 and a 1 year high of GBX 209. The firm has a market cap of £2.77 billion, a P/E ratio of 23.74, a PEG ratio of 2.50 and a beta of 0.82. The stock has a fifty day moving average price of GBX 193.03 and a two-hundred day moving average price of GBX 187.72. The company has a debt-to-equity ratio of 18.49, a quick ratio of 0.05 and a current ratio of 3.92.

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.