Quilter (LON:QLT) Stock Keeps Buy Rating at Berenberg Bank

Quilter (LON:QLT)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They currently have a GBX 220 price objective on the stock. Berenberg Bank‘s price objective indicates a potential upside of 21.48% from the company’s current price.

QLT has been the topic of a number of other reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 235 target price on shares of Quilter in a research note on Friday, August 7th. Citigroup increased their price target on shares of Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Quilter presently has a consensus rating of “Moderate Buy” and an average target price of GBX 210.86.

Quilter Stock Performance

Quilter stock traded up GBX 0.60 during trading hours on Thursday, hitting GBX 181.10. 177,276,047 shares of the stock traded hands, compared to its average volume of 20,828,303. The firm’s 50 day moving average price is GBX 184.03 and its 200-day moving average price is GBX 189.03. The stock has a market capitalization of £2.43 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.50 and a beta of 0.82. Quilter has a 1 year low of GBX 163.30 and a 1 year high of GBX 209. The company has a debt-to-equity ratio of 19.46, a current ratio of 2.09 and a quick ratio of 0.05.

Quilter (LON:QLT) last issued its quarterly earnings data on Thursday, August 6th. The company reported GBX 3.30 EPS for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. As a group, equities analysts expect that Quilter will post 9.00 EPS for the current fiscal year.

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.