Quilter (LON:QLT) Trading 3.5% Higher – Should You Buy?

Quilter plc (LON:QLT) traded up 3.5% during mid-day trading on Wednesday . The company traded as high as GBX 146.10 ($1.85) and last traded at GBX 146.10 ($1.85). 1,149,948 shares were traded during trading, a decline of 51% from the average session volume of 2,361,823 shares. The stock had previously closed at GBX 141.20 ($1.79).

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Berenberg Bank upped their price target on shares of Quilter from GBX 105 ($1.33) to GBX 135 ($1.71) and gave the company a “hold” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Quilter in a research report on Tuesday, September 3rd.

Quilter Stock Up 3.5 %

The firm’s 50 day simple moving average is GBX 140.34 and its two-hundred day simple moving average is GBX 131.08. The firm has a market cap of £2.03 billion, a price-to-earnings ratio of 3,652.50, a PEG 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.

Quilter Company Profile

Quilter plc provides advice-led investment solutions in the United Kingdom and internationally. It operates through High Net Worth and Affluent segments. The High Net Worth segment provides discretionary investment management services to high-net worth clients, charities, companies, and institutions through a network of branches; and financial advice services for protection, mortgages, savings, investment, and pensions primarily to high-net-worth clients.