Quilter (LON:QLT) Given Buy Rating at Berenberg Bank

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

A number of other analysts have also recently commented on QLT. Deutsche Bank Aktiengesellschaft increased their price target on shares of Quilter from GBX 165 to GBX 170 and gave the company a “hold” rating in a research note on Wednesday, January 21st. 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 research note on Thursday, January 22nd. UBS Group restated 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. lifted 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. Finally, Citigroup increased their price target on Quilter from GBX 198 to GBX 200 and gave the company a “neutral” rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quilter has a consensus rating of “Moderate Buy” and an average target price of GBX 207.

Quilter Stock Up 1.5%

Shares of LON QLT traded up GBX 2.70 during mid-day trading on Thursday, hitting GBX 184.20. The company had a trading volume of 2,344,277 shares, compared to its average volume of 9,285,552. The company has a current ratio of 74.33, a quick ratio of 0.05 and a debt-to-equity ratio of 19.46. The firm has a 50-day simple moving average of GBX 188.88 and a two-hundred day simple moving average of GBX 178.89. The company has a market capitalization of £2.56 billion, a PE ratio of -1,842.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. Quilter has a one year low of GBX 119.70 and a one year high of GBX 201.60.

Quilter (LON:QLT) last posted its quarterly 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%. On average, equities analysts expect 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.