Quilter (LON:QLT) Price Target Raised to GBX 198

Quilter (LON:QLT) had its price target upped by Citigroup from GBX 183 to GBX 198 in a report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently issued reports on QLT. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Quilter from GBX 155 to GBX 160 and gave the company a “hold” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a report on Friday, November 14th. UBS Group restated a “buy” rating and set a GBX 190 price target on shares of Quilter in a research report on Friday, October 17th. Jefferies Financial Group lifted their price target on Quilter from GBX 193 to GBX 203 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Royal Bank Of Canada lifted their price objective on shares of Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 195.

Quilter Trading Down 0.1%

Shares of QLT opened at GBX 192.60 on Thursday. Quilter has a twelve month low of GBX 119.70 and a twelve month high of GBX 193.30. The firm has a market capitalization of £2.67 billion, a P/E ratio of -1,926.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69. The stock’s fifty day simple moving average is GBX 183.20 and its 200 day simple moving average is GBX 172.80.

Insider Transactions at Quilter

In related news, insider Chris Hill purchased 28,224 shares of the stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of GBX 177 per share, for a total transaction of £49,956.48. Also, insider Alison Morris bought 13,857 shares of the stock in a transaction dated Friday, November 14th. The stock was purchased 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 company insiders.

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.