Quilter (LON:QLT) Price Target Raised to GBX 183 at Citigroup

Key Points

• Citigroup has raised its price target for Quilter from GBX 172 to GBX 183, indicating a potential upside of 6.46% from the previous close.
• Analysts from various firms, including Deutsche Bank and Jefferies Financial Group, have also adjusted their price targets for Quilter, with ratings ranging from "hold" to "buy".
• Currently, Quilter has a market capitalization of £2.39 billion and its stock has seen fluctuations, with a 52-week low of GBX 119.70 and a high of GBX 182.70.

Quilter (LON:QLT - Get Free Report) had its price target raised by stock analysts at Citigroup from GBX 172 to GBX 183 in a research note issued on Monday,Digital Look reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target suggests a potential upside of 6.46% from the stock's previous close.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised their price target 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 lifted their price target on Quilter from GBX 193 to GBX 203 and gave the stock a "buy" rating in a research note on Friday. Berenberg Bank raised shares of Quilter to a "buy" rating and upped their price target for the company from GBX 150 to GBX 195 in a report on Tuesday, August 12th. JPMorgan Chase & Co. raised their price objective on shares of Quilter from GBX 182 to GBX 186 and gave the stock an "overweight" rating in a research note on Monday, October 13th. Finally, UBS Group reaffirmed a "buy" rating and issued a GBX 190 target price on shares of Quilter in a research note on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 186.17.

Quilter Stock Performance

Shares of QLT opened at GBX 171.90 on Monday. The company has a market capitalization of £2.39 billion, a price-to-earnings ratio of -1,719.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. Quilter has a 52-week low of GBX 119.70 and a 52-week high of GBX 182.70. The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69. The stock has a 50 day moving average price of GBX 165.01 and a 200 day moving average price of GBX 155.65.

Quilter (LON:QLT - Get Free Report) last released its quarterly 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%. Research analysts predict that Quilter will post 9.004676 EPS 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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