Quilter (LON:QLT) Price Target Raised to GBX 186 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target on Quilter from GBX 182 to GBX 186, maintaining an "overweight" rating which suggests a potential upside of 3.74% from the previous close.
• Other analysts including Deutsche Bank and Jefferies Financial Group have also upgraded their price targets and ratings for Quilter, indicating a consensus rating of Moderate Buy with an average target of GBX 181.20.
• Quilter shares opened at GBX 179.30, with a market capitalization of £2.49 billion and a reported EPS of 5.60 in its last quarterly earnings.

Quilter (LON:QLT - Get Free Report) had its target price upped by equities researchers at JPMorgan Chase & Co. from GBX 182 to GBX 186 in a report issued on Monday,London Stock Exchange reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 3.74% from the company's previous close.

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

Quilter Price Performance

Shares of LON QLT opened at GBX 179.30 on Monday. The company has a market capitalization of £2.49 billion, a PE ratio of -179,300.00, 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. The stock's 50 day moving average price is GBX 163.73 and its 200-day moving average price is GBX 154.68. Quilter has a twelve month low of GBX 119.70 and a twelve month high of GBX 179.60.

Quilter (LON:QLT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported GBX 5.60 EPS for the quarter. Quilter had a return on equity of 3.33% and a net margin of 0.78%. On average, equities analysts anticipate that Quilter will post 9.004676 EPS for the current 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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