Royal Bank Of Canada Boosts Quilter (LON:QLT) Price Target to GBX 225

Quilter (LON:QLT) had its price objective raised by investment analysts at Royal Bank Of Canada from GBX 220 to GBX 225 in a research report issued on Thursday,London Stock Exchange reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 17.19% from the stock’s current price.

QLT has been the subject of a number of other reports. 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 research report on Tuesday, April 21st. Berenberg Bank lifted their price objective on Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Citigroup lifted their price objective on Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 220 price objective on shares of Quilter in a research report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Quilter currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 203.71.

Quilter Price Performance

QLT stock opened at GBX 192 on Thursday. The firm has a 50 day moving average of GBX 181.78 and a 200-day moving average of GBX 184.26. Quilter has a 12-month low of GBX 144 and a 12-month high of GBX 201.60. The company has a current ratio of 3.92, a quick ratio of 0.05 and a debt-to-equity ratio of 18.49. The company has a market cap of £2.64 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.50 and a beta of 0.80.

Quilter (LON:QLT) last posted its quarterly earnings results on Wednesday, March 4th. The company reported GBX 8.90 earnings per share (EPS) for the quarter. Quilter had a net margin of 1.28% and a return on equity of 8.35%. As a group, equities analysts expect that Quilter will post 9.004676 EPS for the current fiscal year.

Insider Buying and Selling

In other Quilter news, insider Steven Levin sold 679,997 shares of Quilter stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total value of £1,203,594.69. Also, insider Mark Satchel sold 570,445 shares of Quilter stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,009,687.65. Insiders own 0.36% of the company’s stock.

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.