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

Quilter plc (LON:QLT) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 210.86.

Several equities analysts have recently weighed in on the stock. Berenberg Bank increased their price objective on shares of Quilter from GBX 215 to GBX 220 and gave the stock a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. cut their target price on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Citigroup upped their target price on shares of Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 220 price target on shares of Quilter in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 235 price target on shares of Quilter in a research note on Friday, August 7th.

Insider Buying and Selling

In related news, insider Andrew Ross bought 27,100 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of GBX 186 per share, for a total transaction of £50,406. Corporate insiders own 0.52% of the company’s stock.

Quilter Stock Down 0.1%

Quilter stock opened at GBX 199.40 on Thursday. The stock has a market cap of £2.70 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. The company has a debt-to-equity ratio of 19.46, a quick ratio of 0.05 and a current ratio of 2.09. Quilter has a one year low of GBX 150.80 and a one year high of GBX 209. The stock has a fifty day moving average of GBX 196.54 and a 200 day moving average of GBX 189.01.

Quilter (LON:QLT) last posted its earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share for the quarter. Quilter had a return on equity of 8.39% and a net margin of 0.88%. As a group, sell-side analysts predict that Quilter will post 9.004676 EPS for the current year.

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.