Quilter (LON:QLT) Stock Price Rises 2.3% - Is It a Good Time to Buy?

Quilter plc (LON:QLT) experienced a rise of 2.3% in its stock price during trading on Tuesday. The shares peaked at GBX 154.60 ($1.93) before closing slightly lower at GBX 154.20 ($1.93). In total, around 580,172 shares changed hands, which is notably less than the average daily volume of 2,314,834 shares, representing a 75% drop. The stock had previously closed the day at GBX 150.70 ($1.89).

Analysts Update on Price Targets

On a related note, JPMorgan Chase & Co. recently reaffirmed an "overweight" rating for Quilter's stock in a research report issued on September 3rd.

Quilter's Trading Performance

The company's market capitalization stands at £2.14 billion, with a price-to-earnings ratio of 3,855.00 and a price-to-earnings-growth ratio of 2.50. Quilter has a beta of 1.05, indicating it is slightly more volatile than the market. Its quick ratio is notably low at 0.05, while the current ratio is 1.18, suggesting reasonable liquidity. The debt-to-equity ratio is quite high at 18.69. For reference, Quilter's fifty-day moving average price is GBX 148.27, and its two-hundred-day moving average price is GBX 137.15.

Understanding Quilter

Quilter plc specializes in providing advice-led investment solutions both in the UK and internationally. The company's operations are divided into two main segments: High Net Worth and Affluent. The High Net Worth segment offers discretionary investment management services to wealthy clients, charities, companies, and institutions through various branches. It also provides financial advisory services for protection, mortgages, savings, investments, and pensions, primarily targeting high-net-worth individuals.

Investment Considerations

Before making any investment decisions, it is essential to get comprehensive insights. Current market trends may raise questions about the timing of investments. For those considering putting $1,000 into Quilter, there might be alternative options worth exploring.

MarketBeat, a well-regarded source that tracks top Wall Street analysts, suggests that Quilter is currently rated as a "Hold" among analysts. They have identified five other stocks that might present better buying opportunities, indicating that investors might want to consider these alternatives instead.

Market Outlook

As with any investment, it is wise to stay informed about market changes and how they can impact share prices. For anyone concerned about market downturns, understanding how to protect investments using various strategies, including beta, can be helpful.

Quilter, Stock, Investment