Quilter (LON:QLT) Earns "Outperform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated its “Outperform” rating on Quilter and maintained a GBX 235 price target, implying 18.75% upside from the current price.
• Analyst sentiment remains favorable, with six Buy ratings and one Hold rating; Quilter has a consensus “Moderate Buy” rating and average price target of GBX 210.86.
• Quilter shares opened at GBX 197.90, while insider Andrew Ross purchased 27,100 shares at GBX 186 each, valued at approximately £50,406.

Quilter (LON:QLT - Get Free Report)'s stock had its "outperform" rating reiterated by Royal Bank Of Canada in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 235 target price on the stock. Royal Bank Of Canada's price target indicates a potential upside of 18.75% from the stock's current price.

A number of other research analysts have also weighed in on QLT. Citigroup raised their price objective on Quilter from GBX 195 to GBX 210 and gave the company a "neutral" rating in a research report on Monday. Berenberg Bank increased their target price on Quilter from GBX 190 to GBX 195 and gave the stock a "neutral" rating in a research note on Friday, April 24th. JPMorgan Chase & Co. reduced their price target on Quilter from GBX 212 to GBX 206 and set an "overweight" rating for the company in a report on Tuesday, April 21st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 220 price target on shares of Quilter in a research report on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 210.86.

Quilter Price Performance

Shares of QLT opened at GBX 197.90 on Friday. The stock has a market cap of £2.68 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. The company has a debt-to-equity ratio of 18.49, a quick ratio of 0.05 and a current ratio of 3.92. Quilter has a fifty-two week low of GBX 150.80 and a fifty-two week high of GBX 209. The firm's 50-day simple moving average is GBX 195.95 and its two-hundred day simple moving average is GBX 188.81.

Quilter (LON:QLT - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share for the quarter. Quilter had a net margin of 1.28% and a return on equity of 8.35%. Analysts anticipate that Quilter will post 9.004676 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Quilter news, insider Andrew Ross bought 27,100 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of GBX 186 per share, with a total value of £50,406. Insiders own 0.52% of the company's stock.

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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