Berenberg Bank Issues Positive Forecast for Quilter (LON:QLT) Stock Price

Quilter (LON:QLT) had its price target boosted by stock analysts at Berenberg Bank from GBX 215 to GBX 220 in a research note issued on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 11.17% from the stock’s current price.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. cut their price target on Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 220 target price on shares of Quilter in a research report on Wednesday, April 15th. Citigroup lifted their target price on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research report on Monday. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 235 target price on shares of Quilter in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 210.86.

Quilter Trading Up 1.0%

QLT opened at GBX 197.90 on Friday. The stock has a market capitalization of £2.68 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.50 and a beta of 0.82. The company has a current ratio of 3.92, a quick ratio of 0.05 and a debt-to-equity ratio of 18.49. Quilter has a 12 month low of GBX 150.80 and a 12 month high of GBX 209. The firm’s fifty day simple moving average is GBX 195.95 and its 200 day simple moving average is GBX 188.81.

Quilter (LON:QLT) last released its earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share (EPS) for the quarter. Quilter had a return on equity of 8.35% and a net margin of 1.28%. As a group, research analysts anticipate that Quilter will post 9.004676 EPS for the current fiscal year.

Insider Buying and Selling

In other Quilter news, insider Andrew Ross purchased 27,100 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of GBX 186 per share, with a total value of £50,406. 0.52% of the stock is owned by company insiders.

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.