Quilter plc (LON:QLT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Quilter has a “Moderate Buy” consensus rating from seven analysts, with six buy ratings and one hold. The average 12-month price target is GBX 210.86, implying upside from the GBX 173.80 opening price.
• Recent broker updates were generally positive: RBC maintained an “outperform” rating with a GBX 235 target, while Berenberg raised its target to GBX 220 and retained a “buy” rating; Citigroup increased its target to GBX 210 but kept a “neutral” view.
• Quilter reported quarterly EPS of GBX 3.30, alongside an 8.39% return on equity and 0.88% net margin. The shares were trading below their 50-day and 200-day moving averages and had declined 0.7%.

Shares of Quilter plc (LON:QLT - Get Free Report) have received an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 210.86.

Several brokerages have recently commented on QLT. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 235 price objective on shares of Quilter in a research note on Friday, August 7th. Citigroup lifted their price objective on shares of Quilter from GBX 195 to GBX 210 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Finally, Berenberg Bank boosted their target price on Quilter from GBX 215 to GBX 220 and gave the company a "buy" rating in a research note on Friday, August 7th.

Quilter Trading Down 0.7%

LON QLT opened at GBX 173.80 on Friday. The company has a quick ratio of 0.05, a current ratio of 2.09 and a debt-to-equity ratio of 19.46. Quilter has a 52 week low of GBX 160.90 and a 52 week high of GBX 209. The business has a 50 day moving average price of GBX 190.10 and a 200-day moving average price of GBX 188.72. The company has a market cap of £2.35 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 2.50 and a beta of 0.82.

Quilter (LON:QLT - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share (EPS) for the quarter. Quilter had a return on equity of 8.39% and a net margin of 0.88%. As a group, equities analysts expect that Quilter will post 9.004676 earnings per share for the current fiscal year.

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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