Quilter plc (LON:QLT – Get Rating)’s share price hit a new 52-week low during trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 162 to GBX 125. Berenberg Bank currently has a hold rating on the stock. Quilter traded as low as GBX 105.70 ($1.30) and last traded at GBX 106 ($1.30), with a volume of 128511 shares changing hands. The stock had previously closed at GBX 107.60 ($1.32).
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada reduced their target price on Quilter from GBX 180 ($2.21) to GBX 170 ($2.09) and set an “outperform” rating on the stock in a research report on Tuesday, May 17th. JPMorgan Chase & Co. reduced their target price on Quilter from GBX 190 ($2.33) to GBX 180 ($2.21) and set an “overweight” rating on the stock in a research report on Thursday, April 21st. Finally, Barclays restated an “underweight” rating and issued a GBX 120 ($1.47) target price on shares of Quilter in a research report on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 155 ($1.90).
In related news, insider Mark Satchel sold 198,125 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of GBX 123 ($1.51), for a total transaction of £243,693.75 ($298,974.05). Also, insider Glyn Barker bought 88,858 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average cost of GBX 112 ($1.37) per share, with a total value of £99,520.96 ($122,096.63).
The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.05 and a current ratio of 1.21. The firm’s 50-day moving average price is GBX 121.74 and its two-hundred day moving average price is GBX 134.47. The firm has a market cap of £1.50 billion and a PE ratio of 10.06.
Quilter Company Profile (LON:QLT)
Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. It operates in two segments, High Net Worth and Affluent. The company offers financial advice for protection, mortgages, savings, investments, and pensions. It also provides Quilter Investment Platform, an investment platform for advice-based wealth management products and services; Quilter Investors, which offers investment solutions; and Quilter Financial Planning, a restricted and independent financial adviser network that provides mortgage and financial planning advice and financial solutions to individuals and businesses through a network of intermediaries.