Jefferies Financial Group Raises Quilter (LON:QLT) Price Target to GBX 250

Quilter (LON:QLT) had its price objective lifted by equities researchers at Jefferies Financial Group from GBX 210 to GBX 250 in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 29.13% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a research report on Friday, October 3rd. UBS Group reissued a “buy” rating and set a GBX 210 price objective on shares of Quilter in a report on Friday, January 16th. Royal Bank Of Canada increased their price objective on Quilter from GBX 200 to GBX 210 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Citigroup lifted their target price on Quilter from GBX 183 to GBX 198 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a report on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Quilter has a consensus rating of “Moderate Buy” and an average price target of GBX 206.

Quilter Stock Performance

Shares of QLT stock opened at GBX 193.60 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69. The firm has a fifty day simple moving average of GBX 184.33 and a two-hundred day simple moving average of GBX 173.98. Quilter has a 12 month low of GBX 119.70 and a 12 month high of GBX 201.60. The firm has a market capitalization of £2.69 billion, a PE ratio of -1,936.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

Insider Activity at Quilter

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

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.