Quilter (LON:QLT) Reaches New 52-Week High - Should You Buy?

Key Points

• Quilter's stock reached a new 52-week high, trading at GBX 173.90 ($2.33) with a last price of GBX 171.70 ($2.31) and a significant trading volume of over 15.2 million shares.
• Analysts have provided a consensus rating of "Moderate Buy" for Quilter, with an average target price set at GBX 180.40, supported by multiple upgrades from major banks.
• In its latest earnings report, Quilter reported an EPS of GBX 5.60 with projections of 9.00 EPS for the current fiscal year, reflecting a net margin of 0.78% and return on equity of 3.33%.

Quilter plc (LON:QLT - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 173.90 ($2.33) and last traded at GBX 171.70 ($2.31), with a volume of 15227093 shares traded. The stock had previously closed at GBX 165.20 ($2.22).

Wall Street Analyst Weigh In

A number of research firms recently commented on QLT. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Quilter from GBX 155 to GBX 160 and gave the stock a "hold" rating in a report on Friday, October 3rd. JPMorgan Chase & Co. boosted their target price on shares of Quilter from GBX 177 to GBX 182 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Berenberg Bank upgraded shares of Quilter to a "buy" rating and boosted their target price for the stock from GBX 150 to GBX 195 in a report on Tuesday, August 12th. Jefferies Financial Group boosted their target price on shares of Quilter from GBX 175 to GBX 193 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Citigroup boosted their target price on shares of Quilter from GBX 166 to GBX 172 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Quilter presently has a consensus rating of "Moderate Buy" and an average target price of GBX 180.40.

Quilter Price Performance

The stock's fifty day moving average price is GBX 163.26 and its 200-day moving average price is GBX 154.30. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. The firm has a market cap of £2.42 billion, a price-to-earnings ratio of -174,200.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

Quilter (LON:QLT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. Quilter had a net margin of 0.78% and a return on equity of 3.33%. Equities research analysts predict that Quilter plc will post 9.004676 EPS for the current fiscal 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.

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