JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Quilter (LON:QLT) Stock

Quilter (LON:QLT - Free Report) had its price target hoisted by JPMorgan Chase & Co. from GBX 164 ($2.20) to GBX 177 ($2.38) in a report published on Wednesday, MarketBeat reports. The firm currently has an overweight rating on the stock.

Separately, Citigroup upped their price objective on shares of 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 Trading Up 0.2%

LON QLT traded up GBX 0.40 ($0.01) during trading on Wednesday, hitting GBX 168.70 ($2.26). The company had a trading volume of 1,086,325 shares, compared to its average volume of 4,371,203. The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69. Quilter has a one year low of GBX 119.70 ($1.61) and a one year high of GBX 169.50 ($2.28). The company has a market cap of £2.24 billion, a price-to-earnings ratio of 45.36, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company's fifty day moving average is GBX 155.67 and its 200-day moving average is GBX 150.67.

Quilter Company Profile

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.