Quilter plc (LON:QLT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Quilter plc (LON:QLT) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 204.57.

Several analysts have issued reports on the stock. Citigroup cut their target price on shares of Quilter from GBX 200 to GBX 190 and set a “neutral” rating on the stock in a research note on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 215 target price on shares of Quilter in a research note on Thursday, March 5th. JPMorgan Chase & Co. cut their target price on shares of Quilter from GBX 223 to GBX 212 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Jefferies Financial Group reissued a “buy” rating and set a GBX 220 target price on shares of Quilter in a research note on Wednesday. Finally, UBS Group reissued a “buy” rating and set a GBX 210 target price on shares of Quilter in a research note on Friday, January 16th.

Insiders Place Their Bets

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

Quilter Price Performance

Shares of LON:QLT opened at GBX 180.40 on Friday. The stock has a fifty day moving average of GBX 181.94 and a 200-day moving average of GBX 182.23. The company has a debt-to-equity ratio of 18.49, a quick ratio of 0.05 and a current ratio of 3.92. Quilter has a one year low of GBX 128.70 and a one year high of GBX 201.60. The company has a market capitalization of £2.49 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80.

Quilter (LON:QLT) last announced its 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 anticipate that Quilter will post 9.004676 EPS for the current fiscal year.

Quilter Company Profile

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.