Quilter plc (LON:QLT) Receives GBX 201.57 Consensus Target Price from Analysts

Shares of Quilter plc (LON:QLT) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 201.57.

A number of brokerages have recently issued reports on QLT. Deutsche Bank Aktiengesellschaft raised their target price on shares of Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Citigroup raised their target price on shares of Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Berenberg Bank raised their target price on shares of Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating and set a GBX 220 target price on shares of Quilter in a research report on Wednesday, April 15th. Finally, UBS Group restated a “buy” rating and set a GBX 210 target price on shares of Quilter in a research report on Friday, January 16th.

Insiders Place Their Bets

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

Quilter Stock Performance

Shares of QLT opened at GBX 183.60 on Tuesday. The company has a current ratio of 3.92, a quick ratio of 0.05 and a debt-to-equity ratio of 18.49. The firm has a market cap of £2.52 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. The company’s 50 day simple moving average is GBX 181.50 and its 200-day simple moving average is GBX 183.70. Quilter has a 12-month low of GBX 141 and a 12-month high of GBX 201.60.

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

Quilter Company Profile

Quilter is a leading UK-focused full-service wealth manager, providing advice-led investment solutions and investment platform services to over 500,000 clients.

Its purpose is to create brighter financial futures for every generation.

Quilter strives to do this through supporting long-term advice-based relationships, delivering good investment management performance while maintaining consistently high-quality customer service.

It has leading positions in one of the world’s largest wealth markets, and its multi-channel distribution, award-winning platform and investment solutions are delivering attractive growth.