UBS Group Reiterates Buy Rating for Quilter (LON:QLT)

Quilter (LON:QLT)‘s stock had its “buy” rating restated by analysts at UBS Group in a report issued on Friday, MarketBeat reports. They presently have a GBX 190 price objective on the stock. UBS Group’s price objective suggests a potential upside of 11.24% from the company’s current price.

Several other brokerages have also issued reports on QLT. Citigroup raised their price objective on Quilter from GBX 166 to GBX 172 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft raised their price target on Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price target on Quilter from GBX 182 to GBX 186 and gave the stock an “overweight” rating in a research report on Monday, October 13th. Jefferies Financial Group increased their price objective on Quilter from GBX 193 to GBX 203 and gave the company a “buy” rating in a report on Friday. Finally, Berenberg Bank upgraded shares of Quilter to a “buy” rating and raised their target price for the stock from GBX 150 to GBX 195 in a research report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 184.33.

Quilter Trading Down 1.3%

QLT opened at GBX 170.80 on Friday. The business has a fifty day moving average price of GBX 165.01 and a 200 day moving average price of GBX 155.55. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. Quilter has a 12 month low of GBX 119.70 and a 12 month high of GBX 182.70. The stock has a market capitalization of £2.37 billion, a price-to-earnings ratio of -170,800.00, a PEG ratio of 2.50 and a beta of 1.05.

Quilter (LON:QLT) last released its quarterly earnings data on Wednesday, August 6th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. Quilter had a net margin of 0.78% and a return on equity of 3.33%. Sell-side analysts expect 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.