Quilter (LON:QLT) Reaches New 1-Year High – Here’s What Happened

Quilter plc (LON:QLT) hit a new 52-week high on Tuesday . The company traded as high as GBX 185.80 ($2.48) and last traded at GBX 185.20 ($2.47), with a volume of 24208799 shares changing hands. The stock had previously closed at GBX 180.50 ($2.41).

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on QLT. Deutsche Bank Aktiengesellschaft boosted their price target on Quilter from GBX 155 to GBX 160 and gave the company a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. boosted their price target on Quilter from GBX 182 to GBX 186 and gave the company an “overweight” rating in a report on Monday, October 13th. UBS Group reiterated a “buy” rating and issued a GBX 190 price target on shares of Quilter in a report on Friday, October 17th. Jefferies Financial Group boosted their price target on Quilter from GBX 193 to GBX 203 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Citigroup upped their price objective on Quilter from GBX 172 to GBX 183 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 189.57.

Quilter Stock Performance

The stock has a market capitalization of £2.58 billion, a P/E ratio of -1,859.00, a P/E/G ratio of 2.50 and a beta of 1.05. The stock has a 50 day moving average of GBX 166.29 and a 200 day moving average of GBX 157.66. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18.

Quilter (LON:QLT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX 5.60 EPS for the quarter. Quilter had a return on equity of 3.33% and a net margin of 0.78%. Equities analysts predict that Quilter plc will post 9.004676 EPS for the current year.

Quilter Company Profile

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.