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

Quilter (LON:QLT) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from GBX 164 ($2.20) to GBX 177 ($2.38) in a research note issued on Wednesday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 5.17% from the stock’s current price.

Separately, Citigroup boosted their price objective on shares of Quilter from GBX 140 ($1.88) to GBX 166 ($2.23) and gave the company a “neutral” rating in a research note on Thursday, July 10th.

Quilter Stock Up 1.3%

Shares of LON:QLT opened at GBX 168.30 ($2.26) on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69. The firm has a market cap of £2.24 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 2.50 and a beta of 1.05. The stock’s 50-day moving average price is GBX 155.14 and its two-hundred day moving average price is GBX 150.57. Quilter has a 12-month low of GBX 119.70 ($1.61) and a 12-month high of GBX 169.30 ($2.27).

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.