Quilter (LON:QLT) Given New GBX 193 Price Target at Jefferies Financial Group

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 target upped by equities research analysts at Jefferies Financial Group from GBX 175 ($2.34) to GBX 193 ($2.58) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price would indicate a potential upside of 19.36% from the stock's current price.

Several other brokerages also recently issued reports on QLT. Deutsche Bank Aktiengesellschaft raised Quilter to a "hold" rating and increased their price objective for the stock from GBX 110 ($1.47) to GBX 165 ($2.20) in a research note on Monday, July 28th. Citigroup upped their target price on Quilter from GBX 140 ($1.87) to GBX 166 ($2.22) and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on Quilter from GBX 164 ($2.19) to GBX 177 ($2.36) and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of GBX 165.20 ($2.21).

Quilter Stock Down 1.1%

Shares of Quilter stock opened at GBX 161.70 ($2.16) on Thursday. The stock has a 50-day moving average price of GBX 160.19 and a 200 day moving average price of GBX 152.38. The company has a market cap of £2.15 billion, a P/E ratio of 43.48, a P/E/G ratio of 2.50 and a beta of 1.05. 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 1 year low of GBX 119.70 ($1.60) and a 1 year high of GBX 173.20 ($2.31).

Quilter (LON:QLT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX 5.60 ($0.07) earnings per share (EPS) for the quarter. Quilter had a return on equity of 3.33% and a net margin of 0.78%. As a group, analysts expect that Quilter will post 9.004676 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.