Quilter (LON:QLT) Price Target Raised to GBX 210

Quilter (LON:QLT) had its price target boosted by Citigroup from GBX 195 to GBX 210 in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating and set a GBX 220 price objective on shares of Quilter in a report on Wednesday, April 15th. Royal Bank Of Canada upped their price objective on shares of Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Berenberg Bank increased their target price on shares of Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 205.86.

Quilter Trading Up 2.6%

Shares of Quilter stock opened at GBX 202.60 on Monday. Quilter has a 1 year low of GBX 150.80 and a 1 year high of GBX 209. The company’s fifty day simple moving average is GBX 195.83 and its 200-day simple moving average is GBX 188.78. The company has a market cap of £2.75 billion, a price-to-earnings ratio of 23.56, a PEG 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.

Insiders Place Their Bets

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