Quilter (LON:QLT) Raised to Hold at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank upgraded Quilter to a "hold" rating with a new price objective of GBX 165 ($2.22), reflecting an expected downside of 3.11% from its previous close.
• Analysts from Citigroup and JPMorgan also raised their price targets for Quilter, with JPMorgan indicating an "overweight" rating following an increase to GBX 177 ($2.38).
• Quilter's stock opened at GBX 170.30 ($2.29) and is currently within a 12-month range of GBX 119.70 ($1.61) to GBX 173.20 ($2.33).

Deutsche Bank Aktiengesellschaft upgraded shares of Quilter (LON:QLT - Free Report) to a hold rating in a report published on Monday morning, MarketBeat.com reports. They currently have GBX 165 ($2.19) target price on the stock, up from their previous target price of GBX 110 ($1.46).

QLT has been the topic of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of Quilter from GBX 164 ($2.17) to GBX 177 ($2.35) and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Citigroup lifted their price target on shares of Quilter from GBX 140 ($1.86) to GBX 166 ($2.20) and gave the stock a "neutral" rating in a research note on Thursday, July 10th.

Quilter Stock Performance

Shares of QLT stock traded up GBX 3.20 ($0.04) during trading hours on Monday, reaching GBX 169.20 ($2.24). The company had a trading volume of 2,706,901 shares, compared to its average volume of 4,213,861. The firm has a market cap of £2.25 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The business has a fifty day moving average price of GBX 158.36 and a 200-day moving average price of GBX 151.68. Quilter has a one year low of GBX 119.70 ($1.59) and a one year high of GBX 173.20 ($2.30). 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 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.