Quilter plc (LON:QLT) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Quilter has a “Moderate Buy” consensus rating, with six buy ratings and one hold among seven analysts. The average 12-month price target is GBX 210.86, above the reported GBX 184.70 opening price.
• Recent analyst targets range from GBX 210 at Citigroup, which maintained a neutral rating, to GBX 235 at Royal Bank of Canada; Berenberg reaffirmed its buy rating with a GBX 220 target.
• Quilter reported quarterly earnings of GBX 3.30 per share, while analysts expect approximately GBX 9.00 EPS for the current fiscal year. The company’s market capitalization is about £2.48 billion.

Shares of Quilter plc (LON:QLT - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 210.86.

Several equities research analysts have issued reports on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 220 price target on shares of Quilter in a research note on Thursday, October 22nd. Citigroup raised their target price on shares of Quilter from GBX 195 to GBX 210 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 235 price target on shares of Quilter in a research report on Friday, August 7th.

Quilter Trading Up 0.1%

LON:QLT opened at GBX 184.70 on Tuesday. Quilter has a 52-week low of GBX 163.30 and a 52-week high of GBX 209. The company has a market capitalization of £2.48 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. The company has a quick ratio of 0.05, a current ratio of 2.09 and a debt-to-equity ratio of 19.46. The stock has a fifty day simple moving average of GBX 184.02 and a 200-day simple moving average of GBX 187.86.

Quilter (LON:QLT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 3.30 EPS for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. On average, equities research analysts expect that Quilter will post 9.00 earnings per share for the current fiscal year.

About Quilter

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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