Quilter’s (QLT) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Quilter (LON:QLT) in a research report released on Wednesday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 220 price objective on the stock.

A number of other equities research analysts have also issued reports on QLT. Deutsche Bank Aktiengesellschaft raised their price target on Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a research note on Thursday, March 5th. UBS Group reissued a “buy” rating and set a GBX 210 price target on shares of Quilter in a research note on Friday, January 16th. Berenberg Bank reissued a “buy” rating and set a GBX 215 price target on shares of Quilter in a research note on Thursday, March 5th. JPMorgan Chase & Co. decreased their price target on Quilter from GBX 223 to GBX 212 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, Citigroup raised their price target on Quilter from GBX 198 to GBX 200 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 206.

Quilter Price Performance

LON:QLT opened at GBX 181.79 on Wednesday. The firm has a market capitalization of £2.51 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.50 and a beta of 0.80. Quilter has a 1 year low of GBX 128.70 and a 1 year high of GBX 201.60. The business has a 50 day simple moving average of GBX 182.25 and a 200-day simple moving average of GBX 182.25. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05.

Quilter (LON:QLT) last posted its quarterly earnings data 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%. Equities analysts forecast that Quilter will post 9.004676 EPS for the current year.

Insiders Place Their Bets

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

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.