Quilter plc (LON:QLT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Quilter has a “Moderate Buy” consensus rating from seven analysts: six recommend buying the stock and one rates it a hold. The average 12-month price target is GBX 210.86, above its reported opening price of GBX 199.40.
• Recent analyst actions were generally positive, including buy or outperform ratings from Jefferies, JPMorgan, RBC and Berenberg, while Citigroup maintained a neutral rating. Price targets range from GBX 206 to GBX 235.
• Quilter reported quarterly earnings of GBX 3.30 per share, with an 8.39% return on equity and a 0.88% net margin. Insider Andrew Ross also purchased 27,100 shares at GBX 186 each.

Shares of Quilter plc (LON:QLT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 210.86.

A number of analysts have commented on QLT shares. 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. Citigroup increased their price objective on Quilter from GBX 195 to GBX 210 and gave the company a "neutral" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price objective on Quilter from GBX 212 to GBX 206 and set an "overweight" rating for the company in a report on Tuesday, April 21st. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 235 target price on shares of Quilter in a research report on Friday, August 7th. Finally, Berenberg Bank boosted their target price on Quilter from GBX 215 to GBX 220 and gave the stock a "buy" rating in a research report on Friday, August 7th.

Quilter Trading Down 0.1%

LON:QLT opened at GBX 199.40 on Thursday. The company's 50 day moving average price is GBX 196.54 and its 200-day moving average price is GBX 189.01. Quilter has a 52 week low of GBX 150.80 and a 52 week high of GBX 209. The company has a quick ratio of 0.05, a current ratio of 2.09 and a debt-to-equity ratio of 19.46. The stock has a market cap of £2.70 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.50 and a beta of 0.82.

Quilter (LON:QLT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. On average, equities research analysts forecast that Quilter will post 9.004676 earnings per share for the current fiscal year.

Insider Buying and Selling at Quilter

In related news, insider Andrew Ross acquired 27,100 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of GBX 186 per share, with a total value of £50,406. 0.52% of the stock is owned by insiders.

Quilter Company Profile

Quilter is a leading UK-focused full-service wealth manager, providing advice-led investment solutions and investment platform services to over 500,000 clients. Its purpose is to create brighter financial futures for every generation. Quilter strives to do this through supporting long-term advice-based relationships, delivering good investment management performance while maintaining consistently high-quality customer service. It has leading positions in one of the world's largest wealth markets, and its multi-channel distribution, award-winning platform and investment solutions are delivering attractive growth.

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