Quilter (LON:QLT) Price Target Raised to GBX 195

Key Points

• Citigroup raised its price target on Quilter to GBX 195 (maintaining a "neutral" rating), while the analyst consensus target is about GBX 201.57 and the average rating is "Moderate Buy," implying modest upside for the stock.
• Shares fell about 2.5% to GBX 182.79, trading near their 50- and 200-day moving averages, with a market cap of £2.52 billion and a P/E of 21.25.
• Insider selling occurred on April 7, when two insiders sold large blocks at GBX 177 (totaling roughly £2.21 million), and company insiders now own just 0.36% of the stock.

Quilter (LON:QLT - Get Free Report) had its price target increased by equities research analysts at Citigroup from GBX 190 to GBX 195 in a research note issued to investors on Friday,London Stock Exchange reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective would suggest a potential upside of 6.68% from the stock's previous close.

QLT has been the topic of a number of other research reports. Berenberg Bank increased their target price on Quilter from GBX 190 to GBX 195 and gave the company a "neutral" rating in a report on Friday. Jefferies Financial Group reissued a "buy" rating and issued a GBX 220 target price on shares of Quilter in a report on Wednesday, April 15th. UBS Group reissued a "buy" rating and issued a GBX 210 target price on shares of Quilter in a report on Friday, January 16th. JPMorgan Chase & Co. decreased their price objective on Quilter from GBX 212 to GBX 206 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Quilter from GBX 170 to GBX 175 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 201.57.

Quilter Stock Down 2.5%

Shares of LON QLT traded down GBX 4.71 during trading on Friday, reaching GBX 182.79. The company had a trading volume of 3,294,611 shares, compared to its average volume of 28,525,986. Quilter has a 12-month low of GBX 133.50 and a 12-month high of GBX 201.60. The stock has a market cap of £2.52 billion, a PE ratio of 21.25, a P/E/G ratio of 2.50 and a beta of 0.80. The business's 50-day moving average is GBX 181.77 and its 200 day moving average is GBX 182.95. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49.

Quilter (LON:QLT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported GBX 8.90 earnings per share (EPS) for the quarter. Quilter had a return on equity of 8.35% and a net margin of 1.28%. As a group, equities analysts forecast that Quilter will post 9.004676 earnings per share for the current fiscal year.

Insider Activity at Quilter

In other Quilter news, insider Steven Levin sold 679,997 shares of the firm's stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Also, insider Mark Satchel sold 570,445 shares of the firm's stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total value of £1,009,687.65. Company insiders own 0.36% of the company's stock.

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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