Quilter (LON:QLT) Given New GBX 210 Price Target at Royal Bank Of Canada

Key Points

• Quilter's price target has been raised from GBX 200 to GBX 210 by Royal Bank of Canada, indicating a potential upside of 16.73% from its current price.
• Several other analysts have issued price target increases for Quilter, with a consensus rating of "Moderate Buy" and a target price of approximately GBX 189.57.
• Quilter recently traded at GBX 179.90, showing an increase of 2.9% during trading, while the company reported a net margin of 0.78% and a return on equity of 3.33% in its last earnings report.

Quilter (LON:QLT - Get Free Report) had its price target lifted by equities researchers at Royal Bank Of Canada from GBX 200 to GBX 210 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 16.73% from the company's current price.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on Quilter from GBX 155 to GBX 160 and gave the company a "hold" rating in a report on Friday, October 3rd. Jefferies Financial Group boosted their price objective on Quilter from GBX 193 to GBX 203 and gave the company a "buy" rating in a report on Friday, October 17th. UBS Group reaffirmed a "buy" rating and set a GBX 190 target price on shares of Quilter in a research note on Friday, October 17th. Citigroup upped their target price on shares of Quilter from GBX 172 to GBX 183 and gave the stock a "neutral" rating in a research note on Monday. Finally, Berenberg Bank raised shares of Quilter to a "buy" rating and increased their target price for the company from GBX 150 to GBX 195 in a research report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 189.57.

Quilter Trading Up 2.9%

QLT stock traded up GBX 5 during trading on Thursday, hitting GBX 179.90. The company had a trading volume of 3,698,117 shares, compared to its average volume of 4,348,225. The firm has a market capitalization of £2.50 billion, a P/E ratio of -1,799.00, a PEG ratio of 2.50 and a beta of 1.05. The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69. Quilter has a 52-week low of GBX 119.70 and a 52-week high of GBX 182.70. The company has a 50 day simple moving average of GBX 165.59 and a 200-day simple moving average of GBX 156.18.

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

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