Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Quilter (LON:QLT) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Quilter from GBX 165 to GBX 155, indicating a potential downside of 4.14% from the stock's previous close.
• Other analysts have varied opinions on Quilter, with Citigroup setting a target of GBX 166 and Jefferies raising theirs to GBX 193, contributing to a consensus rating of "Hold".
• Quilter's shares opened at GBX 161.70, with a market cap of £2.15 billion and reported earnings of GBX 5.60 per share for the last quarter.

Quilter (LON:QLT - Get Free Report) had its target price dropped by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 165 ($2.22) to GBX 155 ($2.08) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential downside of 4.64% from the stock's current price.

A number of other research analysts have also weighed in on QLT. Jefferies Financial Group raised their price objective on Quilter from GBX 175 ($2.35) to GBX 193 ($2.59) and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on Quilter from GBX 164 ($2.20) to GBX 177 ($2.38) and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Citigroup lifted their target price on Quilter from GBX 140 ($1.88) to GBX 166 ($2.23) and gave the stock a "neutral" rating in a report on Thursday, July 10th.

Quilter Price Performance

Quilter stock traded up GBX 0.12 ($0.00) during midday trading on Wednesday, hitting GBX 162.54 ($2.19). 2,238,127 shares of the company's stock were exchanged, compared to its average volume of 4,169,322. Quilter has a 52-week low of GBX 119.70 ($1.61) and a 52-week high of GBX 173.20 ($2.33). The stock has a 50-day moving average price of GBX 160.75 and a two-hundred day moving average price of GBX 152.32. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18. The company has a market cap of £2.16 billion, a P/E ratio of 43.70, a PEG ratio of 2.50 and a beta of 1.05.

Quilter (LON:QLT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported GBX 5.60 ($0.08) 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, equities research analysts forecast that Quilter will post 9.004676 earnings per share for the current 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.