Quilter plc (LON:QLT) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Quilter plc has received an average recommendation of "Moderate Buy" from six research firms, with four analysts rating the stock as a buy.
• The average price target for Quilter's shares is currently set at GBX 184.33, reflecting varying expectations from brokerages.
• As of the latest trading session, Quilter's share price decreased by 0.9%, bringing it to GBX 171.60, with a market capitalization of £2.38 billion.

Shares of Quilter plc (LON:QLT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 184.33.

A number of equities research analysts recently commented on QLT shares. Jefferies Financial Group raised their price objective on shares of Quilter from GBX 193 to GBX 203 and gave the stock a "buy" rating in a report on Friday. Berenberg Bank upgraded shares of Quilter to a "buy" rating and raised their price objective for the stock from GBX 150 to GBX 195 in a report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Quilter from GBX 182 to GBX 186 and gave the company an "overweight" rating in a research note on Monday. Citigroup lifted their price target on shares of Quilter from GBX 166 to GBX 172 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Quilter from GBX 155 to GBX 160 and gave the company a "hold" rating in a research note on Friday, October 3rd.

Quilter Trading Down 0.9%

Shares of LON QLT traded down GBX 1.50 during midday trading on Friday, reaching GBX 171.60. 974,223 shares of the stock were exchanged, compared to its average volume of 4,390,164. The business has a 50-day simple moving average of GBX 164.85 and a two-hundred day simple moving average of GBX 155.33. The company has a market capitalization of £2.38 billion, a price-to-earnings ratio of -171,600.00, a P/E/G ratio of 2.50 and a beta of 1.05. Quilter has a 12 month low of GBX 119.70 and a 12 month high of GBX 182.70. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05.

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