Quilter plc (LON:QLT – Get Free Report)’s stock price fell 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 traded hands during 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 Analyst Weigh In
Several research firms have recently issued reports on QLT. JPMorgan Chase & Co. raised Quilter to an “overweight” rating in a report on Monday, June 3rd. Berenberg Bank reissued a “hold” rating and issued a GBX 105 ($1.33) target price on shares of Quilter in a report on Thursday, April 25th. Finally, Citigroup upgraded shares of Quilter to a “neutral” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 93.33 ($1.18).
Check Out Our Latest Stock Report on QLT
Quilter Price Performance
Insiders Place Their Bets
In other news, insider Mark Satchel sold 41,557 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of GBX 103 ($1.31), for a total value 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.
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