Jefferies Financial Group Forecasts Strong Price Appreciation for Quilter (LON:QLT) Stock

Quilter (LON:QLT) had its price objective raised by equities researchers at Jefferies Financial Group from GBX 210 to GBX 250 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 26.33% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group reaffirmed a “buy” rating and issued a GBX 210 target price on shares of Quilter in a report on Friday, January 16th. JPMorgan Chase & Co. upped their target price on Quilter from GBX 186 to GBX 189 and gave the company an “overweight” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Quilter from GBX 155 to GBX 160 and gave the company a “hold” rating in a research note on Friday, October 3rd. Royal Bank Of Canada lifted their target price on Quilter from GBX 200 to GBX 210 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, Citigroup increased their price objective on shares of Quilter from GBX 183 to GBX 198 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quilter has an average rating of “Moderate Buy” and an average price target of GBX 204.57.

Quilter Trading Up 0.7%

QLT stock opened at GBX 197.90 on Thursday. The company’s 50-day simple moving average is GBX 183.73 and its 200 day simple moving average is GBX 173.58. Quilter has a 52 week low of GBX 119.70 and a 52 week high of GBX 201.60. The company has a market capitalization of £2.75 billion, a PE ratio of -1,979.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18.

Insiders Place Their Bets

In other news, insider Chris Hill acquired 28,224 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average cost of GBX 177 per share, with a total value of £49,956.48. Also, insider Alison Morris purchased 13,857 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were acquired at an average cost of GBX 179 per share, for a total transaction of £24,804.03. 0.36% of the stock is owned by insiders.

About Quilter

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.