Quilter (LON:QLT) Stock Price Up 2.3% - Should You Consider Buying?

Quilter plc (LON:QLT) saw its shares increase by 2.3% during trading on Tuesday. The stock reached a high of GBX 154.60 ($1.93) before settling at GBX 154.20 ($1.93). In total, around 580,172 shares exchanged hands, which is a significant drop of 75% from the average daily trading volume of 2,314,834 shares. Prior to this trading session, the stock had closed at GBX 150.70 ($1.89).

New Analyst Ratings and Price Targets

In a separate report released on Tuesday, September 3rd, JPMorgan Chase & Co. reaffirmed their "overweight" rating for Quilter shares. This adds to the ongoing conversation about the stock's potential value.

Current Market Performance

Quilter has a market capitalization of £2.14 billion and a notably high price-to-earnings ratio of 3,855.00, with a price-to-earnings-growth ratio of 2.50. Its beta stands at 1.05, suggesting that the stock tends to move in line with market trends. The company's quick ratio is 0.05 and its current ratio is 1.18, indicating a relatively low level of liquidity. Additionally, Quilter's debt-to-equity ratio is 18.69, which might suggest how the company has financed its growth. The 50-day moving average price for Quilter is GBX 148.27 while the 200-day moving average is GBX 137.15.

Understanding Quilter's Business Model

Quilter plc offers investment solutions that are focused on advising clients primarily in the United Kingdom. The firm operates through distinct segments, including High Net Worth and Affluent. The High Net Worth division provides discretionary investment management services tailored for high-net-worth clients, charities, and institutions, alongside financial advice services covering protection, mortgages, savings, investment, and pensions.

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Should You Invest in Quilter Now?

If you're contemplating an investment in Quilter, it might be wise to pause and reflect. Market analysts actively track the performance of various stocks and have highlighted that Quilter is currently rated as a "Hold" among analysts. In fact, top-rated analysts have identified five other stocks as more favorable investment opportunities at this moment.

For those interested in diversifying their portfolio, it could be beneficial to explore these recommended stocks further.

Quilter, Stocks, Investment