Quilter (LON:QLT) Given Buy Rating at UBS Group

Key Points

• UBS Group has reaffirmed a "buy" rating for Quilter (LON:QLT) with a price objective of GBX 190, indicating a potential upside of 12.09% from its current price.
• Multiple other analysts have issued ratings for Quilter, with four maintaining "Buy" ratings and the consensus target price at GBX 184.33.
• Quilter reported a net margin of 0.78% and earnings per share of GBX 5.60 for the last quarter, with expectations of around 9.00 earnings per share for the fiscal year.

Quilter (LON:QLT - Get Free Report)'s stock had its "buy" rating reaffirmed by UBS Group in a research note issued on Friday,Digital Look reports. They presently have a GBX 190 price objective on the stock. UBS Group's price objective points to a potential upside of 12.09% from the stock's current price.

QLT has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on Quilter from GBX 182 to GBX 186 and gave the stock an "overweight" rating in a research note on Monday. Jefferies Financial Group boosted their price objective on Quilter from GBX 193 to GBX 203 and gave the stock a "buy" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their price target on Quilter from GBX 155 to GBX 160 and gave the company a "hold" rating in a research note on Friday, October 3rd. Berenberg Bank raised Quilter to a "buy" rating and increased their target price for the stock from GBX 150 to GBX 195 in a research note on Tuesday, August 12th. Finally, Citigroup upped their price target on Quilter from GBX 166 to GBX 172 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 184.33.

Quilter Price Performance

QLT opened at GBX 169.50 on Friday. Quilter has a 12-month low of GBX 119.70 and a 12-month high of GBX 182.70. The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69. The business's fifty day simple moving average is GBX 164.85 and its 200-day simple moving average is GBX 155.33. The company has a market capitalization of £2.35 billion, a price-to-earnings ratio of -169,500.00, a PEG ratio of 2.50 and a beta of 1.05.

Quilter (LON:QLT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX 5.60 earnings per share for the quarter. Quilter had a return on equity of 3.33% and a net margin of 0.78%. On average, equities research analysts anticipate 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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