JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Quilter (LON:QLT) Stock

Quilter (LON:QLT) had its target price raised by investment analysts at JPMorgan Chase & Co. from GBX 186 to GBX 189 in a note issued to investors on Friday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 5.12% from the stock’s previous close.

QLT has been the subject of a number of other research reports. UBS Group reissued a “buy” rating and set a GBX 190 target price on shares of Quilter in a report on Friday, October 17th. Berenberg Bank raised Quilter to a “buy” rating and raised their target price for the stock from GBX 150 to GBX 195 in a research report on Tuesday, August 12th. Jefferies Financial Group lifted their price objective on Quilter from GBX 193 to GBX 203 and gave the stock a “buy” rating in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a research note on Friday, October 3rd. Finally, Citigroup boosted their target price on shares of Quilter from GBX 172 to GBX 183 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 190.

Quilter Stock Down 0.6%

LON QLT traded down GBX 1 on Friday, reaching GBX 179.80. The company had a trading volume of 801,520 shares, compared to its average volume of 4,174,890. The firm has a market capitalization of £2.50 billion, a price-to-earnings ratio of -1,798.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company’s fifty day moving average is GBX 171.41 and its 200-day moving average is GBX 162.11. 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 has a 1-year low of GBX 119.70 and a 1-year high of GBX 190.90.

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.