Quilter (LON:QLT) Price Target Raised to GBX 175 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised its price target on Quilter from GBX 170 to GBX 175 and maintained a "buy" rating, a target that implies roughly a 4.99% downside from the stock's previous close.
• Analyst consensus is a Moderate Buy (six Buys, one Hold) with an average price target of GBX 207, notably above the current trading level.
• Quilter traded at GBX 184.20 midday, has a market capitalization of £2.56 billion, and a 52‑week range of GBX 119.70–201.60.

Quilter (LON:QLT - Get Free Report) had its price target upped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 170 to GBX 175 in a report released on Thursday, MarketBeat.com reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential downside of 4.99% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Quilter from GBX 186 to GBX 189 and gave the stock an "overweight" rating in a report on Friday, November 14th. Berenberg Bank restated a "buy" rating and issued a GBX 215 target price on shares of Quilter in a report on Thursday. Jefferies Financial Group raised their price target on shares of Quilter from GBX 210 to GBX 250 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Citigroup increased their price objective on Quilter from GBX 198 to GBX 200 and gave the stock a "neutral" rating in a research report on Monday, January 26th. Finally, UBS Group restated a "buy" rating and issued a GBX 210 target price on shares of Quilter in a research report on Friday, January 16th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Quilter currently has a consensus rating of "Moderate Buy" and an average price target of GBX 207.

Quilter Price Performance

QLT traded up GBX 2.70 during midday trading on Thursday, hitting GBX 184.20. 2,344,277 shares of the company traded hands, compared to its average volume of 9,285,552. The business has a 50 day simple moving average of GBX 188.88 and a two-hundred day simple moving average of GBX 178.89. Quilter has a 52-week low of GBX 119.70 and a 52-week high of GBX 201.60. The company has a market capitalization of £2.56 billion, a price-to-earnings ratio of -1,842.00, a PEG ratio of 2.50 and a beta of 0.80. The company has a current ratio of 74.33, a quick ratio of 0.05 and a debt-to-equity ratio of 19.46.

Quilter (LON:QLT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported GBX 8.90 EPS for the quarter. Quilter had a negative return on equity of 0.07% and a negative net margin of 0.02%. On average, equities analysts forecast that Quilter will post 9.004676 earnings per share for the current fiscal year.

About Quilter

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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