JPMorgan Chase & Co. Boosts Quilter (LON:QLT) Price Target to GBX 182

Key Points

• JPMorgan Chase & Co. has raised its price target for Quilter from GBX 177 to GBX 182, indicating a potential upside of 8.72% based on the stock's previous close.
• Analysts are divided on Quilter, with two hold ratings and three buy ratings, leading to an average rating of "Moderate Buy" and a consensus target price of GBX 178.20.
• Quilter's stock is currently trading at GBX 167.40, reflecting a 1.8% increase during recent trading hours.

Quilter (LON:QLT - Get Free Report) had its price target raised by research analysts at JPMorgan Chase & Co. from GBX 177 ($2.40) to GBX 182 ($2.47) in a research note issued on Thursday,Digital Look reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 8.72% from the stock's previous close.

Several other equities analysts have also weighed in on QLT. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Quilter from GBX 165 ($2.24) to GBX 155 ($2.10) and set a "hold" rating on the stock in a research report on Wednesday, August 6th. Citigroup raised their price target on shares of Quilter from GBX 140 ($1.90) to GBX 166 ($2.25) and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Berenberg Bank raised shares of Quilter to a "buy" rating and raised their price target for the stock from GBX 150 ($2.04) to GBX 195 ($2.65) in a research report on Tuesday. Finally, Jefferies Financial Group raised their price target on shares of Quilter from GBX 175 ($2.38) to GBX 193 ($2.62) and gave the stock a "buy" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 178.20 ($2.42).

Quilter Stock Up 1.8%

QLT traded up GBX 2.90 ($0.04) during trading hours on Thursday, hitting GBX 167.40 ($2.27). 1,859,003 shares of the company's stock were exchanged, compared to its average volume of 4,140,264. Quilter has a 1-year low of GBX 119.70 ($1.63) and a 1-year high of GBX 173.20 ($2.35). The stock's 50-day moving average is GBX 161.58 and its two-hundred day moving average is GBX 152.49. The stock has a market cap of £2.23 billion, a price-to-earnings ratio of 45.01, a PEG ratio of 2.50 and a beta of 1.05. The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69.

Quilter (LON:QLT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported GBX 5.60 ($0.08) EPS for the quarter. Quilter had a net margin of 0.78% and a return on equity of 3.33%. Sell-side analysts predict that Quilter will post 9.004676 earnings per share 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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