Quilter (LON:QLT) Reaches New 52-Week High - Should You Buy?

Quilter plc (LON:QLT - Get Free Report)'s stock price reached a new 52-week high 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 trading hands. The stock had previously closed at GBX 141.60 ($1.85).

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Berenberg Bank upped their price target on Quilter from GBX 105 ($1.37) to GBX 135 ($1.76) and gave the company a "hold" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Quilter in a research report on Tuesday, September 3rd.

Quilter Stock Up 4.7 %

The business has a 50 day simple moving average of GBX 136.79 and a 200 day simple moving average of GBX 122.93. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. The stock has a market cap of £2.06 billion, a PE ratio of 3,750.00, a P/E/G ratio of 2.50 and a beta of 1.05.

Quilter Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 23rd. Shareholders 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 yield of 1.33%. Quilter's dividend payout ratio (DPR) is currently 12,500.00%.

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.