Quilter (LON:QLT) Price Target Raised to GBX 170

Quilter (LON:QLT) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 165 to GBX 170 in a research report released on Wednesday morning, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Several other research firms have also recently issued reports on QLT. UBS Group reissued a “buy” rating and set a GBX 210 target price on shares of Quilter in a research note on Friday, January 16th. Jefferies Financial Group lifted their price target on shares of Quilter from GBX 210 to GBX 250 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada upped their price objective on shares of Quilter from GBX 200 to GBX 210 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Berenberg Bank boosted their price target on shares of Quilter from GBX 195 to GBX 215 and gave the company a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 206.

Quilter Stock Down 0.5%

LON QLT opened at GBX 193.60 on Wednesday. Quilter has a 1 year low of GBX 119.70 and a 1 year high of GBX 201.60. The stock has a market capitalization of £2.69 billion, a PE ratio of -1,936.00, a PEG ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. The business’s 50-day moving average is GBX 184.33 and its 200 day moving average is GBX 173.98.

Insider Buying and Selling at Quilter

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

Quilter Company Profile

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.