Berenberg Bank Forecasts Strong Price Appreciation for Quilter (LON:QLT) Stock

Key Points

• Berenberg Bank raised its price target on Quilter to GBX 195 (from GBX 190) with a "neutral" rating—implying about a 6.67% upsideGBX 200.86 target and a "Moderate Buy" (five buys, two holds).
• Quilter shares traded down to GBX 182.80 (≈‑2.5%) with a market cap of £2.52 billion, placing the stock below the average analyst target and within a 52‑week range of GBX 133.50–201.60.
• Significant insider selling occurred on April 7, when Steven Levin and Mark Satchel sold 679,997 and 570,445 shares (at GBX 177), together generating roughly £2.21 million in proceeds; insiders now own just 0.36% of the company.

Quilter (LON:QLT - Get Free Report) had its price objective upped by Berenberg Bank from GBX 190 to GBX 195 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has a "neutral" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 6.67% from the company's current price.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Quilter from GBX 212 to GBX 206 and set an "overweight" rating on the stock in a report on Tuesday. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 220 target price on shares of Quilter in a report on Wednesday, April 15th. UBS Group reaffirmed a "buy" rating and issued a GBX 210 target price on shares of Quilter in a report on Friday, January 16th. Citigroup reduced their target price on shares of Quilter from GBX 200 to GBX 190 and set a "neutral" rating on the stock in a report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Quilter from GBX 170 to GBX 175 and gave the company a "buy" rating in a report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 200.86.

Quilter Stock Down 2.5%

Shares of QLT traded down GBX 4.70 during mid-day trading on Friday, hitting GBX 182.80. 2,241,367 shares of the company's stock were exchanged, compared to its average volume of 28,512,654. The company has a market cap of £2.52 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 2.50 and a beta of 0.80. Quilter has a fifty-two week low of GBX 133.50 and a fifty-two week high of GBX 201.60. The company has a debt-to-equity ratio of 18.49, a quick ratio of 0.05 and a current ratio of 3.92. The stock's 50-day moving average is GBX 181.77 and its 200-day moving average is GBX 182.95.

Quilter (LON:QLT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 8.90 earnings per share (EPS) for the quarter. Quilter had a net margin of 1.28% and a return on equity of 8.35%. On average, sell-side analysts anticipate that Quilter will post 9.004676 earnings per share for the current fiscal year.

Insider Activity at Quilter

In other Quilter news, insider Steven Levin sold 679,997 shares of the firm's stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Also, insider Mark Satchel sold 570,445 shares of the firm'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. 0.36% of the stock is owned by company insiders.

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.

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