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

Quilter (LON:QLT) had its target price raised by stock analysts at Citigroup from GBX 195 to GBX 210 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 6.28% from the stock’s current price.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Berenberg Bank raised their target price on Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada lifted their price target on Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 220 price target on shares of Quilter in a research report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Quilter presently has an average rating of “Moderate Buy” and a consensus price target of GBX 205.86.

Quilter Stock Up 2.3%

LON QLT opened at GBX 197.60 on Monday. The stock’s 50 day simple moving average is GBX 195.52 and its 200 day simple moving average is GBX 188.58. Quilter has a one year low of GBX 150.80 and a one year high of GBX 209. The firm has a market cap of £2.68 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05.

Insider Activity at Quilter

In other news, insider Andrew Ross bought 27,100 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of GBX 186 per share, with a total value of £50,406. Company insiders own 0.52% 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.