Quilter (LON:QLT) Reaches New 12-Month High – Should You Buy?

Quilter plc (LON:QLT)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 150.68 ($1.97) and last traded at GBX 150 ($1.96), with a volume of 185817 shares changing hands. The stock had previously closed at GBX 141.60 ($1.85).

Analyst Upgrades and Downgrades

Several equities analysts have commented on QLT shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Quilter in a research note on Tuesday, September 3rd. Berenberg Bank raised their target price on shares of Quilter from GBX 105 ($1.37) to GBX 135 ($1.76) and gave the company a “hold” rating in a research note on Friday, August 9th.

Quilter Price Performance

The company’s 50 day moving average price is GBX 137.27 and its 200-day moving average price is GBX 123.39. The company has a market cap of £2.06 billion, a price-to-earnings ratio of 3,682.50, a PEG ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18.

Quilter Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 23rd. Stockholders of record on Thursday, August 29th were paid a GBX 1.70 ($0.02) dividend. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 1.33%. Quilter’s dividend payout ratio is currently 12,500.00%.

About Quilter

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.