Quilter (LON:QLT) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Quilter (LON:QLT) had its target price lifted by research analysts at Jefferies Financial Group from GBX 175 ($2.35) to GBX 193 ($2.60) in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 18.83% from the company’s current price.

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. increased their target price on Quilter from GBX 164 ($2.21) to GBX 177 ($2.38) and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft raised Quilter to a “hold” rating and increased their target price for the company from GBX 110 ($1.48) to GBX 165 ($2.22) in a research note on Monday, July 28th. Finally, Citigroup increased their target price on 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 165.20 ($2.22).

Quilter Trading Up 1.6%

Shares of QLT opened at GBX 162.42 ($2.18) on Thursday. The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69. Quilter has a 12-month low of GBX 119.70 ($1.61) and a 12-month high of GBX 173.20 ($2.33). The firm has a market capitalization of £2.16 billion, a PE ratio of 43.67, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The stock’s fifty day simple moving average is GBX 160.75 and its 200-day simple moving average is GBX 152.45.

Quilter (LON:QLT) last issued its quarterly earnings results on Wednesday, August 6th. The company reported GBX 5.60 ($0.08) earnings per share (EPS) for the quarter. Quilter had a return on equity of 3.33% and a net margin of 0.78%. As a group, research analysts predict that Quilter will post 9.004676 earnings per share for the current year.

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.