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

Key Points

• Deutsche Bank has increased its target price for Quilter (LON:QLT) from GBX 155 to GBX 160, maintaining a "hold" rating, which suggests a potential downside from the stock's previous close.
• Other analysts have also revised their price targets, with Citigroup, Jefferies, Berenberg Bank, and JPMorgan Chase all providing either neutral or buy ratings, indicating a general positive outlook.
• Quilter's stock performance shows volatility with a current trading price of GBX 161.81, reflecting a 52-week high of GBX 173.20 and a low of GBX 119.70, and it has a market capitalization of £2.25 billion.

Quilter (LON:QLT - Get Free Report) had its target price hoisted by analysts at Deutsche Bank Aktiengesellschaft from GBX 155 to GBX 160 in a research report issued to clients and investors on Friday,Digital Look reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential downside of 1.12% from the stock's previous close.

QLT has been the topic of a number of other research reports. Citigroup lifted their price objective on Quilter from GBX 166 to GBX 172 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Jefferies Financial Group lifted their price objective on Quilter from GBX 175 to GBX 193 and gave the company a "buy" rating in a report on Thursday, August 7th. Berenberg Bank upgraded shares of Quilter to a "buy" rating and lifted their price target for the company from GBX 150 to GBX 195 in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Quilter from GBX 177 to GBX 182 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Quilter has a consensus rating of "Moderate Buy" and an average target price of GBX 180.40.

Quilter Stock Performance

Shares of QLT traded down GBX 1.39 during midday trading on Friday, reaching GBX 161.81. 1,368,349 shares of the stock were exchanged, compared to its average volume of 4,475,720. The business's 50-day moving average price is GBX 163.40 and its 200 day moving average price is GBX 154.18. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. Quilter has a twelve month low of GBX 119.70 and a twelve month high of GBX 173.20. The company has a market capitalization of £2.25 billion, a price-to-earnings ratio of -161,813.00, a PEG ratio of 2.50 and a beta of 1.05.

Quilter (LON:QLT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. Quilter had a return on equity of 3.33% and a net margin of 0.78%. On average, sell-side analysts expect that Quilter will post 9.004676 EPS for the current fiscal year.

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.

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