Quilter (LON:QLT) Stock Price Expected to Rise, Citigroup Analyst Says

Quilter (LON:QLT) had its target price lifted by stock analysts at Citigroup from GBX 198 to GBX 200 in a research note issued on Monday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 1.11% from the stock’s current price.

A number of other brokerages have also recently commented on QLT. Berenberg Bank increased their price target on shares of Quilter from GBX 195 to GBX 215 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Jefferies Financial Group lifted their target price on Quilter from GBX 210 to GBX 250 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. UBS Group reissued a “buy” rating and set a GBX 210 target price on shares of Quilter in a report on Friday, January 16th. JPMorgan Chase & Co. raised their price target on Quilter from GBX 186 to GBX 189 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Royal Bank Of Canada upped their price objective on shares of Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 206.29.

Quilter Trading Up 1.3%

Shares of Quilter stock opened at GBX 197.80 on Monday. The stock has a market cap of £2.75 billion, a P/E ratio of -1,978.00, a P/E/G ratio of 2.50 and a beta of 1.05. The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69. Quilter has a 12-month low of GBX 119.70 and a 12-month high of GBX 201.60. The business’s 50 day moving average is GBX 185.09 and its 200-day moving average is GBX 174.66.

Insider Buying and Selling at Quilter

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

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.