Quilter (LON:QLT) Shares Down 2.6%

Quilter plc (LON:QLT) shares traded down 2.6% during mid-day trading on Tuesday . The company traded as low as GBX 119.30 ($1.51) and last traded at GBX 120 ($1.52). 2,013,216 shares were traded during mid-day trading, a decline of 10% from the average session volume of 2,244,088 shares. The stock had previously closed at GBX 123.20 ($1.56).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on QLT shares. Citigroup raised shares of Quilter to a “neutral” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. upgraded Quilter to an “overweight” rating in a research report on Monday, June 3rd. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 105 ($1.33) price target on shares of Quilter in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 93.33 ($1.18).

Quilter Stock Up 0.7 %

The stock has a market capitalization of £1.68 billion, a P/E ratio of 4,013.33, a PEG ratio of 4.18 and a beta of 1.08. The stock’s fifty day moving average is GBX 114.35 and its two-hundred day moving average is GBX 106.45. The company has a debt-to-equity ratio of 18.37, a current ratio of 1.21 and a quick ratio of 0.05.

Insider Buying and Selling

In other news, insider Mark Satchel sold 41,557 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of GBX 103 ($1.31), for a total transaction of £42,803.71 ($54,298.76). Insiders own 4.66% of the company’s stock.

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.