Quilter (LON:QLT) Shares Up 1.3% – What’s Next?

Quilter plc (LON:QLT) shares traded up 1.3% on Tuesday . The stock traded as high as GBX 182.70 and last traded at GBX 182.60. 48,862,512 shares changed hands during mid-day trading, an increase of 269% from the average session volume of 13,259,497 shares. The stock had previously closed at GBX 180.30.

Wall Street Analyst Weigh In

QLT has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Quilter from GBX 198 to GBX 200 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft increased their price target on Quilter from GBX 165 to GBX 170 and gave the stock a “hold” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price objective on Quilter from GBX 186 to GBX 189 and gave the company an “overweight” rating in a report on Friday, November 14th. Berenberg Bank upped their target price on Quilter from GBX 195 to GBX 215 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group lifted their price target on shares of Quilter from GBX 210 to GBX 250 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 206.29.

Quilter Stock Performance

The company has a 50-day moving average of GBX 187.07 and a 200-day moving average of GBX 177.02. The company has a market cap of £2.54 billion, a PE ratio of -1,826.00, a PEG ratio of 2.50 and a beta of 1.05. The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69.

About Quilter

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.