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

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

Several other brokerages also recently issued reports on QLT. Citigroup raised their price objective on shares of Quilter from GBX 195 to GBX 210 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Royal Bank Of Canada restated an “outperform” rating and set a GBX 235 price objective on shares of Quilter in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 210.86.

Quilter Price Performance

Shares of QLT opened at GBX 181.10 on Thursday. The company’s 50-day moving average is GBX 184.03 and its 200-day moving average is GBX 189.03. The company has a debt-to-equity ratio of 19.46, a current ratio of 2.09 and a quick ratio of 0.05. The firm has a market capitalization of £2.43 billion, a PE ratio of 21.31, a PEG ratio of 2.50 and a beta of 0.82. Quilter has a fifty-two week low of GBX 163.30 and a fifty-two week high of GBX 209.

Quilter (LON:QLT) last announced its earnings results 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%. Equities analysts forecast that Quilter will post 9.00 EPS for the current 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.