Quilter plc (LON:QLT – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 203.71.
QLT has been the subject of a number of recent research reports. Berenberg Bank boosted their price objective on shares of 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 target price on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Citigroup lifted their target price on Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada upped their target price on Quilter from GBX 220 to GBX 225 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 220 price target on shares of Quilter in a research report on Wednesday, April 15th.
Read Our Latest Stock Analysis on QLT
Quilter Stock Up 0.9%
Insider Buying and Selling
In related news, insider Andrew Ross acquired 27,100 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of GBX 186 per share, for a total transaction of £50,406. 0.52% of the stock is currently owned by insiders.
About Quilter
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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