Jefferies Financial Group Forecasts Strong Price Appreciation for Quilter (LON:QLT) Stock

Key Points

• Jefferies Financial Group has increased Quilter's price target from GBX 175 to GBX 193, indicating a potential upside of 19.36% from its current price.
• Analysts from several brokerages have recently upgraded their ratings for Quilter, with three holding a "hold" rating and two giving a "buy" rating.
• Quilter's shares have experienced a slight decline of 1.1%, currently priced at GBX 161.70, with a market cap of £2.15 billion.

Quilter (LON:QLT - Get Free Report) had its price objective raised by investment analysts at Jefferies Financial Group from GBX 175 ($2.35) to GBX 193 ($2.59) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price target points to a potential upside of 18.74% from the stock's previous close.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Quilter from GBX 164 ($2.20) to GBX 177 ($2.38) and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Citigroup raised their price objective on Quilter from GBX 140 ($1.88) to GBX 166 ($2.23) and gave the company a "neutral" rating in a research report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft raised Quilter to a "hold" rating and raised their price objective for the company from GBX 110 ($1.48) to GBX 165 ($2.22) in a research report on Monday, July 28th.

Quilter Stock Up 0.1%

LON:QLT traded up GBX 0.12 ($0.00) during trading hours on Thursday, reaching GBX 162.54 ($2.19). 2,238,127 shares of the stock were exchanged, compared to its average volume of 4,169,322. Quilter has a twelve month low of GBX 119.70 ($1.61) and a twelve month high of GBX 173.20 ($2.33). The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. The firm has a 50 day moving average of GBX 160.75 and a 200 day moving average of GBX 152.32. The stock has a market cap of £2.16 billion, a PE ratio of 43.70, a PEG ratio of 2.50 and a beta of 1.05.

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

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.