Quilter (LON:QLT) Hits New 1-Year High Following Analyst Upgrade

Quilter plc (LON:QLT)’s stock price hit a new 52-week high during trading on Thursday after Citigroup raised their price target on the stock from GBX 183 to GBX 198. Citigroup currently has a neutral rating on the stock. Quilter traded as high as GBX 191.70 and last traded at GBX 191.30, with a volume of 4879771 shares changing hands. The stock had previously closed at GBX 187.20.

QLT has been the subject of a number of other reports. Jefferies Financial Group raised their price target on shares of Quilter from GBX 193 to GBX 203 and gave the stock a “buy” rating in a report on Friday, October 17th. Royal Bank Of Canada raised their target price on Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Quilter from GBX 155 to GBX 160 and gave the company a “hold” rating in a research report on Friday, October 3rd. UBS Group restated a “buy” rating and set a GBX 190 price objective on shares of Quilter in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Quilter from GBX 186 to GBX 189 and gave the company an “overweight” rating in a research report on Friday, November 14th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 195.

Insider Activity

In other news, insider Alison Morris acquired 13,857 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was purchased at an average price of GBX 179 per share, for a total transaction of £24,804.03. Also, insider Chris Hill bought 28,224 shares of the company’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of GBX 177 per share, for a total transaction of £49,956.48. Corporate insiders own 0.36% of the company’s stock.

Quilter Stock Down 0.1%

The stock has a fifty day simple moving average of GBX 183.20 and a two-hundred day simple moving average of GBX 172.70. The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69. The firm has a market cap of £2.67 billion, a PE ratio of -1,926.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

About Quilter

Quilter is a leading UK and cross-border full-service wealth management business, whose purpose is to help create prosperity for the generations of today and tomorrow. It has leading positions in one of the world’s largest wealth markets, and its multi-channel proposition and investment performance are delivering attractive growth.