JPMorgan Chase & Co. Boosts Quilter (LON:QLT) Price Target to GBX 182

Quilter (LON:QLT) had its price objective lifted by research analysts at JPMorgan Chase & Co. from GBX 177 ($2.40) to GBX 182 ($2.47) in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 8.31% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Quilter from GBX 175 ($2.37) to GBX 193 ($2.62) and gave the stock a “buy” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Quilter from GBX 165 ($2.24) to GBX 155 ($2.10) and set a “hold” rating for the company in a research report on Wednesday, August 6th. Berenberg Bank upgraded Quilter to a “buy” rating and upped their price target for the stock from GBX 150 ($2.03) to GBX 195 ($2.64) in a report on Tuesday. Finally, Citigroup upped their target price on Quilter from GBX 140 ($1.90) to GBX 166 ($2.25) and gave the company a “neutral” rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 178.20 ($2.42).

Quilter Price Performance

Quilter stock opened at GBX 168.04 ($2.28) on Thursday. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18. Quilter has a one year low of GBX 119.70 ($1.62) and a one year high of GBX 173.20 ($2.35). The business has a fifty day moving average of GBX 161.97 and a two-hundred day moving average of GBX 152.62. The company has a market cap of £2.24 billion, a P/E ratio of 45.18, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

Quilter (LON:QLT) last posted 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, analysts predict that Quilter will post 9.004676 earnings per share for the current fiscal 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.