Quilter (LON:QLT) Earns Buy Rating from Berenberg Bank

Quilter (LON:QLT)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued on Thursday, Marketbeat reports. They presently have a GBX 215 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 16.72% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group raised their target price on shares of Quilter from GBX 210 to GBX 250 and gave the company a “buy” rating in a report on Thursday, January 22nd. UBS Group reissued a “buy” rating and issued a GBX 210 price objective on shares of Quilter in a research note on Friday, January 16th. JPMorgan Chase & Co. upped their target price on Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Quilter from GBX 165 to GBX 170 and gave the company a “hold” rating in a research note on Wednesday, January 21st. Finally, Citigroup upped their price objective on Quilter from GBX 198 to GBX 200 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 207.

Quilter Price Performance

LON:QLT traded up GBX 2.70 during trading hours on Thursday, reaching GBX 184.20. 2,344,277 shares of the company were exchanged, compared to its average volume of 9,285,552. The business has a 50 day moving average of GBX 188.88 and a 200 day moving average of GBX 178.89. Quilter has a 1-year low of GBX 119.70 and a 1-year high of GBX 201.60. The company has a debt-to-equity ratio of 19.46, a current ratio of 74.33 and a quick ratio of 0.05. The company has a market capitalization of £2.56 billion, a P/E ratio of -1,842.00, a P/E/G 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 negative return on equity of 0.07% and a negative net margin of 0.02%. Research analysts forecast that Quilter will post 9.004676 EPS for the current year.

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.