Quilter (LON:QLT) Given New GBX 203 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised the price target for Quilter from GBX 193 to GBX 203, indicating a potential upside of 19.76% from the current stock price.
• Quilter is currently rated as a Moderate Buy by analysts, with some firms setting varying price targets, including GBX 186 from JPMorgan Chase and GBX 195 from Berenberg Bank.
• As of the latest data, Quilter's stock is trading at GBX 169.50, having recently experienced a 2.1% decline.

Quilter (LON:QLT - Get Free Report) had its price target hoisted by equities research analysts at Jefferies Financial Group from GBX 193 to GBX 203 in a research note issued to investors on Friday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 19.76% from the stock's current price.

Several other brokerages also recently issued reports on QLT. JPMorgan Chase & Co. upped their price target on Quilter from GBX 182 to GBX 186 and gave the stock an "overweight" rating in a report on Monday. Berenberg Bank raised Quilter to a "buy" rating and raised their price target for the company from GBX 150 to GBX 195 in a report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Quilter from GBX 155 to GBX 160 and gave the company a "hold" rating in a research report on Friday, October 3rd. Finally, Citigroup raised their price target on Quilter from GBX 166 to GBX 172 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Quilter currently has a consensus rating of "Moderate Buy" and an average price target of GBX 184.33.

Quilter Stock Down 2.1%

QLT opened at GBX 169.50 on Friday. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18. Quilter has a fifty-two week low of GBX 119.70 and a fifty-two week high of GBX 182.70. The company has a market capitalization of £2.35 billion, a P/E ratio of -169,500.00, a P/E/G ratio of 2.50 and a beta of 1.05. The stock has a fifty day moving average of GBX 164.85 and a 200-day moving average of GBX 155.33.

Quilter (LON:QLT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported GBX 5.60 earnings per share (EPS) 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 EPS 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.

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