Quilter (LON:QLT) Price Target Raised to GBX 195

Quilter (LON:QLT) had its target price hoisted by equities researchers at Citigroup from GBX 190 to GBX 195 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 6.68% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. UBS Group reiterated a “buy” rating and set a GBX 210 price objective on shares of Quilter in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft upped their target price on Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 220 target price on shares of Quilter in a report on Wednesday, April 15th. Berenberg Bank upped their target price on Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. lowered their target price on Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 201.57.

Quilter Trading Down 2.5%

QLT traded down GBX 4.71 during trading hours on Friday, reaching GBX 182.79. 3,294,611 shares of the company’s stock traded hands, compared to its average volume of 28,525,986. The firm has a 50-day moving average price of GBX 181.77 and a 200 day moving average price of GBX 182.95. Quilter has a 52-week low of GBX 133.50 and a 52-week high of GBX 201.60. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49. The firm has a market capitalization of £2.52 billion, a PE ratio of 21.25, a PEG ratio of 2.50 and a beta of 0.80.

Quilter (LON:QLT) last released its earnings results on Wednesday, March 4th. The company reported GBX 8.90 earnings per share for the quarter. Quilter had a return on equity of 8.35% and a net margin of 1.28%. As a group, sell-side analysts predict that Quilter will post 9.004676 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven Levin sold 679,997 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Also, insider Mark Satchel sold 570,445 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total value of £1,009,687.65. Corporate insiders own 0.36% of the company’s stock.

Quilter Company Profile

Quilter is a leading UK and cross-border full-service wealth management business, whose purpose is to help create prosperity for the generations of today and tomorrow. It has leading positions in one of the world’s largest wealth markets, and its multi-channel proposition and investment performance are delivering attractive growth.