Brokerages Set Quilter plc (LON:QLT) Target Price at GBX 203.71

Quilter plc (LON:QLT – Get Free Report) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 203.71.

A number of research firms have recently issued reports on QLT. Royal Bank Of Canada raised their price objective on Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Berenberg Bank raised their price objective on Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their price objective on Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 220 price objective on shares of Quilter in a research report on Wednesday, April 15th. Finally, Citigroup raised their price objective on Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research report on Friday, April 24th.

Get Quilter alerts:

Read Our Latest Stock Analysis on QLT

Quilter Stock Performance

QLT opened at GBX 193.40 on Wednesday. Quilter has a 12-month low of GBX 150.50 and a 12-month high of GBX 201.60. The stock has a market cap of £2.65 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.50 and a beta of 0.82. The business has a 50 day moving average of GBX 188.14 and a 200-day moving average of GBX 185.79. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49.

Insider Buying and Selling

In related news, insider Steven Levin sold 679,997 shares of Quilter stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Also, insider Mark Satchel sold 570,445 shares of Quilter stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total value of £1,009,687.65. 0.51% of the stock is currently owned by insiders.

About Quilter

(Get Free Report)

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.

Read More

• Five stocks we like better than Quilter
• NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
• Amazon Could Be About to Reap the Rewards of a Software Spending Boom
• Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
• AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?

Receive News & Ratings for Quilter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quilter and related companies with MarketBeat.com's FREE daily email newsletter.