Berenberg Bank Issues Positive Forecast for Quilter (LON:QLT) Stock Price

Key Points

• Berenberg Bank raised Quilter’s price target from GBX 215 to GBX 220 while maintaining a “buy” rating, implying 11.17% potential upside from the prior close.
• Analyst sentiment remains favorable: six analysts rate Quilter a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average target of GBX 210.86.
• Quilter shares opened 1.0% higher at GBX 197.90, while insider Andrew Ross purchased 27,100 shares worth approximately £50,406.

Quilter (LON:QLT - Get Free Report) had its price target lifted by equities research analysts at Berenberg Bank from GBX 215 to GBX 220 in a report issued on Friday,London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target points to a potential upside of 11.17% from the company's previous close.

Other analysts have also recently issued reports about the company. Citigroup upped their price target on Quilter from GBX 195 to GBX 210 and gave the company a "neutral" rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Quilter from GBX 212 to GBX 206 and set an "overweight" rating on the stock in a research note on Tuesday, April 21st. Jefferies Financial Group restated a "buy" rating and set a GBX 220 price objective on shares of Quilter in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 235 target price on shares of Quilter in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 210.86.

Quilter Stock Up 1.0%

Shares of Quilter stock opened at GBX 197.90 on Friday. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49. Quilter has a 12 month low of GBX 150.80 and a 12 month high of GBX 209. The business has a fifty day simple moving average of GBX 195.95 and a 200 day simple moving average of GBX 188.81. The stock has a market cap of £2.68 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82.

Quilter (LON:QLT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported GBX 3.30 EPS for the quarter. Quilter had a return on equity of 8.35% and a net margin of 1.28%. Research analysts predict that Quilter will post 9.004676 EPS for the current year.

Insider Activity

In other Quilter news, insider Andrew Ross purchased 27,100 shares of the stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of GBX 186 per share, for a total transaction of £50,406. 0.52% of the stock is owned by company insiders.

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.

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