Berenberg Bank Reiterates Hold Rating for Quilter (LON:QLT)

Quilter (LON:QLT)‘s stock had its “hold” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 105 ($1.30) price objective on the stock. Berenberg Bank’s price target would indicate a potential downside of 2.42% from the stock’s previous close.

Quilter Trading Up 2.1 %

Quilter stock opened at GBX 107.60 ($1.33) on Thursday. The firm has a 50 day simple moving average of GBX 102.62 and a 200-day simple moving average of GBX 97.89. The company has a debt-to-equity ratio of 18.37, a current ratio of 1.21 and a quick ratio of 0.05. The stock has a market capitalization of £1.50 billion, a PE ratio of 3,586.67, a price-to-earnings-growth ratio of 4.18 and a beta of 1.08. Quilter has a 12-month low of GBX 71.20 ($0.88) and a 12-month high of GBX 109.80 ($1.36).

Insider Activity

In other news, insider Mark Satchel sold 41,557 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of GBX 103 ($1.27), for a total value of £42,803.71 ($52,870.20). Insiders own 5.28% of the company’s stock.

About Quilter

Quilter plc provides advice-led investment solutions in the United Kingdom and internationally. It operates through High Net Worth and Affluent segments. The High Net Worth segment provides discretionary investment management services to high-net worth clients, charities, companies, and institutions through a network of branches; and financial advice services for protection, mortgages, savings, investment, and pensions primarily to high-net-worth clients.