Quilter (LON:QLT) Stock Breaks Above 50-Day Moving Average – Time to Sell?

Shares of Quilter plc (LON:QLT) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 184.02 and traded as high as GBX 185.20. Quilter shares last traded at GBX 184.70, with a volume of 235,023,953 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 220 target price on shares of Quilter in a report on Thursday, October 22nd. 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. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 235 price target on shares of Quilter in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 210.86.

Quilter Stock Performance

The company has a 50-day moving average price of GBX 183.62 and a two-hundred day moving average price of GBX 187.86. The company has a current ratio of 2.09, a quick ratio of 0.05 and a debt-to-equity ratio of 19.46. The stock has a market capitalization of £2.49 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82.

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%. On average, equities analysts forecast that Quilter plc will post 9.00 earnings per share for the current 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.