Quilter (LON:QLT) Stock Price Down 0.4% – Time to Sell?

Quilter plc (LON:QLT) was down 0.4% on Thursday . The stock traded as low as GBX 180.50 and last traded at GBX 183.20. Approximately 2,321,933 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 22,803,652 shares. The stock had previously closed at GBX 183.90.

Analysts Set New Price Targets

Several research firms have recently issued reports on QLT. Berenberg Bank reissued a “buy” rating and set a GBX 215 target price on shares of Quilter in a report on Thursday, March 5th. UBS Group reaffirmed a “buy” rating and issued a GBX 210 price target on shares of Quilter in a research note on Friday, January 16th. Jefferies Financial Group upped their price objective on shares of Quilter from GBX 210 to GBX 250 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Quilter from GBX 223 to GBX 212 and set an “overweight” rating on the stock in a report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Quilter has a consensus rating of “Moderate Buy” and an average target price of GBX 210.29.

Quilter Stock Down 0.4%

The firm has a 50 day simple moving average of GBX 183.01 and a two-hundred day simple moving average of GBX 181.41. The stock has a market capitalization of £2.53 billion, a P/E ratio of 21.30, a PEG ratio of 2.50 and a beta of 0.80. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49.

Quilter (LON:QLT) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 8.90 earnings per share (EPS) for the quarter. Quilter had a return on equity of 8.35% and a net margin of 1.28%. On average, equities research analysts expect that Quilter plc will post 9.004676 earnings per share 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.