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Quilter ( (GB:QLT) ) just unveiled an announcement.
Quilter has continued its share buyback programme with purchases of its ordinary shares on both the London Stock Exchange and the Johannesburg Stock Exchange in early April. On the LSE, it bought 404,903 shares on 1 April and 215,000 shares on 2 April at prices between £1.7550 and £1.8100, all of which are earmarked for cancellation.
On the JSE, the firm acquired 195,262 shares on 1 April and 215,000 shares on 2 April at prices between ZAR 39.39 and ZAR 40.37, also to be cancelled. Since 4 March, Quilter has repurchased nearly 8 million shares in London and over 2.5 million in Johannesburg, signalling a sustained effort to reduce its share count and potentially enhance earnings per share and capital efficiency for investors.
The most recent analyst rating on (GB:QLT) stock is a Buy with a £212.00 price target. To see the full list of analyst forecasts on Quilter stock, see the GB:QLT Stock Forecast page.
Spark’s Take on QLT Stock
According to Spark, TipRanks’ AI Analyst, QLT is a Outperform.
The score is driven primarily by solid fundamentals (cash generation and low leverage) and a strong, confident earnings-call outlook with robust flow momentum and shareholder-return commitments. Offsetting factors are weaker near-term technicals and only moderate valuation support, alongside lingering profitability volatility and a guided step-up in costs.
To see Spark’s full report on QLT stock, click here.
More about Quilter
Quilter plc is a UK-listed wealth management group that provides investment solutions and advice to retail and institutional clients. The company is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, giving it access to investors in the UK and South Africa and reflecting its strategic interest in both markets.
Average Trading Volume: 3,442,360
Technical Sentiment Signal: Buy
Current Market Cap: £2.4B
For detailed information about QLT stock, go to TipRanks’ Stock Analysis page.