Berenberg Bank Forecasts Strong Price Appreciation for Quilter (LON:QLT) Stock

Quilter (LON:QLT) had its price objective raised by analysts at Berenberg Bank from GBX 195 to GBX 215 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 8.64% from the stock’s previous close.

Several other research firms have also weighed in on QLT. Deutsche Bank Aktiengesellschaft upped their target price on shares of Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Royal Bank Of Canada upped their target price on Quilter from GBX 200 to GBX 210 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Jefferies Financial Group upped their target price on shares of Quilter from GBX 210 to GBX 250 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 210 price objective on shares of Quilter in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 204.57.

Quilter Trading Up 0.7%

Quilter stock opened at GBX 197.90 on Wednesday. The business has a 50 day moving average price of GBX 183.73 and a two-hundred day moving average price of GBX 173.58. The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69. The stock has a market cap of £2.75 billion, a price-to-earnings ratio of -1,979.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. Quilter has a 12 month low of GBX 119.70 and a 12 month high of GBX 201.60.

Insider Buying and Selling

In other Quilter news, insider Chris Hill acquired 28,224 shares of the company’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of GBX 177 per share, with a total value of £49,956.48. Also, insider Alison Morris acquired 13,857 shares of the company’s stock in a transaction on Friday, November 14th. The shares were bought at an average price of GBX 179 per share, for a total transaction of £24,804.03. 0.36% of the stock is currently owned by corporate insiders.

About Quilter

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.