Quilter (LON:QLT) Hits New 1-Year High After Analyst Upgrade

Key Points

• Quilter plc reached a new 52-week high after JPMorgan Chase & Co. raised its price target from GBX 182 to GBX 186, maintaining an overweight rating on the stock.
• Multiple brokerages have upgraded their ratings for Quilter, with Jefferies raising its price objective to GBX 193 and Berenberg Bank upgrading to a "buy" rating with a target of GBX 195.
• Quilter's stock trades with a market cap of £2.50 billion and reported earnings per share of GBX 5.60 for the last quarter, with analysts projecting a total of 9.00 EPS for the current fiscal year.

Shares of Quilter plc (LON:QLT - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 182 to GBX 186. JPMorgan Chase & Co. currently has an overweight rating on the stock. Quilter traded as high as GBX 181 ($2.41) and last traded at GBX 180.11 ($2.40), with a volume of 1563468 shares changing hands. The stock had previously closed at GBX 174.81 ($2.33).

A number of other brokerages have also weighed in on QLT. Jefferies Financial Group boosted their price objective on shares of Quilter from GBX 175 to GBX 193 and gave the stock a "buy" rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Quilter from GBX 155 to GBX 160 and gave the company a "hold" rating in a research note on Friday, October 3rd. Citigroup boosted their target price on shares of Quilter from GBX 166 to GBX 172 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, Berenberg Bank upgraded shares of Quilter to a "buy" rating and boosted their target price for the company from GBX 150 to GBX 195 in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 181.20.

Quilter Stock Performance

The business's 50-day moving average price is GBX 164.06 and its 200-day moving average price is GBX 154.85. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18. The stock has a market cap of £2.50 billion, a P/E ratio of -180,114.00, a P/E/G ratio of 2.50 and a beta of 1.05.

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