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Citigroup Issues Positive Forecast for Quilter (LON:QLT) Stock Price

Quilter logo with Financial Services background

Key Points

  • Citigroup raised Quilter's price target from GBX 166 to GBX 172, maintaining a "neutral" rating, indicating a potential upside of 3.86% from its current price.
  • Quilter has received mixed ratings from analysts, with three "buy" ratings and two "hold" ratings, with an average target price of GBX 179.40.
  • The company's recent earnings report showed an EPS of GBX 5.60 and a net margin of 0.78%, with analysts projecting 9.00 EPS for the current year.
  • Need better tools to track Quilter? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Quilter (LON:QLT - Free Report) had its target price boosted by Citigroup from GBX 166 to GBX 172 in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Berenberg Bank raised Quilter to a "buy" rating and upped their target price for the company from GBX 150 to GBX 195 in a report on Tuesday, August 12th. JPMorgan Chase & Co. upped their target price on Quilter from GBX 177 to GBX 182 and gave the company an "overweight" rating in a report on Thursday, August 14th. Jefferies Financial Group upped their target price on Quilter from GBX 175 to GBX 193 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Quilter from GBX 165 to GBX 155 and set a "hold" rating on the stock in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 179.40.

Check Out Our Latest Research Report on QLT

Quilter Price Performance

LON:QLT traded up GBX 1.30 during trading hours on Wednesday, hitting GBX 168.10. The company's stock had a trading volume of 662,894 shares, compared to its average volume of 4,025,177. The business's 50-day moving average is GBX 162.57 and its two-hundred day moving average is GBX 152.79. The company has a market capitalization of £2.24 billion, a PE ratio of 45.20, a PEG ratio of 2.50 and a beta of 1.05. 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 52-week low of GBX 119.70 and a 52-week high of GBX 173.20.

Quilter (LON:QLT - Get Free Report) last released its quarterly earnings data 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%. As a group, research analysts anticipate that Quilter will post 9.004676 EPS for the current fiscal year.

Quilter Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Quilter (LON:QLT)

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