Quilter (OTCMKTS:QUILF) Shares Set to Reverse Split on Thursday, May 19th

Shares of Quilter plc (OTCMKTS:QUILFGet Rating) are going to reverse split on Thursday, May 19th. The 6-7 reverse split was announced on Thursday, May 19th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, May 19th.

OTCMKTS:QUILF opened at $1.99 on Tuesday. The stock has a fifty day moving average price of $1.99 and a 200 day moving average price of $1.99. Quilter has a 12-month low of $1.80 and a 12-month high of $2.05.

QUILF has been the subject of a number of recent analyst reports. Barclays reaffirmed a “sell” rating and set a $120.00 price target on shares of Quilter in a report on Wednesday, April 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a GBX 180 ($2.25) price target (down from GBX 190 ($2.37)) on shares of Quilter in a report on Thursday, April 21st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $180.00 price target on shares of Quilter in a report on Wednesday, April 13th.

About Quilter (Get Rating)

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. It operates in two segments, High Net Worth and Affluent. The company offers financial advice for protection, mortgages, savings, investments, and pensions. It also provides Quilter Investment Platform, an investment platform for advice-based wealth management products and services; Quilter Investors, which offers investment solutions; and Quilter Financial Planning, a restricted and independent financial adviser network that provides mortgage and financial planning advice and financial solutions to individuals and businesses through a network of intermediaries.

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