Royal Bank Of Canada Boosts Quilter (LON:QLT) Price Target to GBX 225

Quilter (LON:QLT) had its price target boosted by analysts at Royal Bank Of Canada from GBX 220 to GBX 225 in a research note issued on Thursday,London Stock Exchange reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 17.19% from the company’s current price.

Several other analysts have also recently issued reports on QLT. JPMorgan Chase & Co. lowered their price objective on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Jefferies Financial Group reissued a “buy” rating and set a GBX 220 price objective on shares of Quilter in a research note on Wednesday, April 15th. Citigroup boosted their price objective on shares of Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Berenberg Bank boosted their price objective on shares of Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quilter currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 203.71.

Quilter Stock Down 0.2%

QLT stock opened at GBX 192 on Thursday. The stock has a market capitalization of £2.64 billion, a P/E ratio of 22.33, a PEG ratio of 2.50 and a beta of 0.80. 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 144 and a one year high of GBX 201.60. The company has a 50 day moving average price of GBX 181.78 and a two-hundred day moving average price of GBX 184.26.

Quilter (LON:QLT) last released its earnings results on Wednesday, March 4th. The company reported GBX 8.90 EPS for the quarter. Quilter had a net margin of 1.28% and a return on equity of 8.35%. As a group, sell-side analysts expect that Quilter will post 9.004676 EPS for the current year.

Insider Activity

In related news, insider Andrew Ross acquired 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. Also, insider Steven Levin sold 679,997 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were 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.

About Quilter

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.