Berenberg Bank Reaffirms “Buy” Rating for Quilter (LON:QLT)

Quilter (LON:QLT)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued on Thursday, Digital Look reports. They presently have a GBX 220 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 21.21% from the company’s previous close.

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

Quilter Trading Down 0.7%

QLT opened at GBX 181.50 on Thursday. The firm has a market cap of £2.43 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.50 and a beta of 0.82. The stock has a fifty day moving average price of GBX 184.73 and a 200-day moving average price of GBX 189.07. Quilter has a 12 month low of GBX 163.30 and a 12 month high of GBX 209. The company has a current ratio of 2.09, a quick ratio of 0.05 and a debt-to-equity ratio of 19.46.

Quilter (LON:QLT) last released its earnings results on Thursday, August 6th. The company reported GBX 3.30 EPS for the quarter. Quilter had a return on equity of 8.39% and a net margin of 0.88%. As a group, equities research analysts anticipate that Quilter will post 9.00 earnings per share for the current fiscal 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.