Quilter (LON:QLT) Price Target Raised to GBX 215

Quilter (LON:QLT) had its price target lifted by investment analysts at Berenberg Bank from GBX 195 to GBX 215 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 8.64% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a report on Friday, November 14th. Citigroup raised their target price on shares of Quilter from GBX 183 to GBX 198 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. UBS Group restated a “buy” rating and issued a GBX 210 price objective on shares of Quilter in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft increased their price target on Quilter from GBX 155 to GBX 160 and gave the company a “hold” rating in a report on Friday, October 3rd. Finally, Jefferies Financial Group lifted their price target on shares of Quilter from GBX 210 to GBX 250 and gave the stock a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Quilter currently has an average rating of “Moderate Buy” and a consensus price target of GBX 204.57.

Quilter Trading Up 0.7%

LON QLT opened at GBX 197.90 on Wednesday. Quilter has a one year low of GBX 119.70 and a one year high of GBX 201.60. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18. The firm’s fifty day moving average is GBX 183.73 and its two-hundred day moving average is GBX 173.58. The firm has a market cap of £2.75 billion, a PE ratio of -1,979.00, a P/E/G ratio of 2.50 and a beta of 1.05.

Insider Transactions at Quilter

In other Quilter news, insider Chris Hill acquired 28,224 shares of Quilter stock in a transaction dated Friday, November 14th. The stock was bought at an average price of GBX 177 per share, for a total transaction of £49,956.48. Also, insider Alison Morris acquired 13,857 shares of Quilter stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of GBX 179 per share, with a total value of £24,804.03. 0.36% of the stock is owned by insiders.

About Quilter

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.