Quilter (LON:QLT) Hits New 52-Week High – What’s Next?

Quilter plc (LON:QLT) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 191.70 and last traded at GBX 191.30, with a volume of 4879771 shares trading hands. The stock had previously closed at GBX 187.20.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on QLT shares. Jefferies Financial Group raised their price objective on shares of Quilter from GBX 193 to GBX 203 and gave the stock a “buy” rating in a research report on Friday, October 17th. Citigroup raised their target price on Quilter from GBX 172 to GBX 183 and gave the company a “neutral” rating in a report on Monday, October 20th. Royal Bank Of Canada raised their price objective on Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Quilter from GBX 186 to GBX 189 and gave the company an “overweight” rating in a research report on Friday, November 14th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 190.

Quilter Stock Up 2.4%

The firm has a 50 day moving average price of GBX 182.79 and a two-hundred day moving average price of GBX 172.31. The firm has a market capitalization of £2.66 billion, a price-to-earnings ratio of -1,916.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69.

Insider Activity

In other news, insider Alison Morris purchased 13,857 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average cost of GBX 179 per share, with a total value of £24,804.03. Also, insider Chris Hill purchased 28,224 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were purchased at an average cost of GBX 177 per share, for a total transaction of £49,956.48. Company insiders own 0.36% of the company’s stock.

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.