Quilter plc (LON:QLT) Receives GBX 203.71 Average PT from Brokerages

Quilter plc (LON:QLT) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 203.71.

QLT has been the topic of a number of research analyst reports. 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 report on Friday, April 24th. Royal Bank Of Canada boosted their price objective on shares of Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. lowered their price objective on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. 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 report on Friday, April 24th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 220 target price on shares of Quilter in a research report on Wednesday, April 15th.

Quilter Stock Performance

Shares of QLT opened at GBX 191.30 on Friday. The company’s 50 day moving average price is GBX 183.59 and its 200 day moving average price is GBX 184.59. Quilter has a 52 week low of GBX 149.20 and a 52 week high of GBX 201.60. The company has a market capitalization of £2.63 billion, a PE ratio of 22.24, 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 (LON:QLT) last announced its quarterly earnings data 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%. Research analysts expect that Quilter will post 9.004676 EPS for the current fiscal year.

Insiders Place Their Bets

In other Quilter news, insider Andrew Ross bought 27,100 shares of the firm’s stock in a transaction on 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 Mark Satchel sold 570,445 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,009,687.65. Insiders own 0.36% of the company’s stock.

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.