Quilter (LON:QLT) Stock Price Down 1.5% - Here's What Happened

Key Points

• Quilter plc experienced a stock decline of 1.5%, trading at GBX 162.50 ($2.20) with a significant drop in trading volume, down 74% from the average.
• Analysts have mixed opinions on Quilter, with three maintaining a "Buy" rating and two suggesting a "Hold," while the consensus price target is GBX 179.40.
• The company's debt-to-equity ratio stands at 18.69, with a recent quarterly earnings report showing GBX 5.60 earnings per share.

Quilter plc (LON:QLT - Get Free Report) traded down 1.5% on Monday . The stock traded as low as GBX 162 ($2.19) and last traded at GBX 162.50 ($2.20). 1,197,650 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 4,645,295 shares. The stock had previously closed at GBX 164.90 ($2.23).

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup raised their target price on Quilter from GBX 166 to GBX 172 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price objective on Quilter from GBX 177 to GBX 182 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Jefferies Financial Group lifted their price objective on Quilter from GBX 175 to GBX 193 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Berenberg Bank upgraded Quilter to a "buy" rating and lifted their price objective for the stock from GBX 150 to GBX 195 in a research report on Tuesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Quilter from GBX 165 to GBX 155 and set a "hold" rating on the stock in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Quilter presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 179.40.

Quilter Price Performance

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 stock has a 50 day moving average price of GBX 164.38 and a two-hundred day moving average price of GBX 153.69. The firm has a market capitalization of £2.26 billion, a price-to-earnings ratio of -162,500.00, a PEG ratio of 2.50 and a beta of 1.05.

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

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