Quilter (LON:QLT) Trading 0.2% Higher - Here's Why

Key Points

• Quilter's shares increased by 0.2% during recent trading, with the stock last valued at GBX 164 ($2.21) amid significantly lower trading volume.
• Analysts have mixed views, with three rating the stock as a Buy and two as a Hold, while the consensus price target is GBX 179.40.
• Quilter's latest earnings report showed an EPS of GBX 5.60 and a projected 9.00 EPS for the current year.

Quilter plc (LON:QLT - Get Free Report) rose 0.2% during trading on Friday . The company traded as high as GBX 165 ($2.22) and last traded at GBX 164 ($2.20). Approximately 1,319,182 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 3,968,491 shares. The stock had previously closed at GBX 163.70 ($2.20).

Analysts Set New Price Targets

QLT has been the topic of a number of recent analyst reports. Citigroup raised their price target on Quilter from GBX 166 to GBX 172 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft decreased their price target on Quilter from GBX 165 to GBX 155 and set a "hold" rating on the stock in a research report on Wednesday, August 6th. Berenberg Bank upgraded Quilter to a "buy" rating and lifted their target price for the company from GBX 150 to GBX 195 in a research report on Tuesday, August 12th. Jefferies Financial Group lifted their target price on Quilter from GBX 175 to GBX 193 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Quilter from GBX 177 to GBX 182 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 179.40.

Quilter Stock Performance

The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69. The company has a 50 day simple moving average of GBX 163.58 and a 200-day simple moving average of GBX 153.16. The stock has a market capitalization of £2.16 billion, a price-to-earnings ratio of -6,220.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

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