Quilter plc (LON:QLT) Receives GBX 210.86 Consensus Price Target from Brokerages

Quilter plc (LON:QLT) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 210.86.

A number of research firms recently commented on QLT. Citigroup increased their target price on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 235 price objective on shares of Quilter in a research report on Friday, August 7th. Finally, Berenberg Bank boosted their target price on Quilter from GBX 215 to GBX 220 and gave the stock a “buy” rating in a research report on Friday, August 7th.

Quilter Trading Down 0.5%

Shares of QLT opened at GBX 193.40 on Thursday. The firm’s 50 day simple moving average is GBX 197.19 and its 200 day simple moving average is GBX 189.02. The company has a market capitalization of £2.61 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.50 and a beta of 0.82. The company has a debt-to-equity ratio of 19.46, a current ratio of 2.09 and a quick ratio of 0.05. Quilter has a 1-year low of GBX 150.80 and a 1-year high of GBX 209.

Quilter (LON:QLT) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 3.30 EPS for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. Sell-side analysts forecast that Quilter will post 9.004676 earnings per share for the current fiscal year.

About Quilter

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.