Quilter’s (QLT) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Quilter (LON:QLT) in a research report report published on Thursday, Marketbeat.com reports. Berenberg Bank currently has a GBX 215 price objective on the stock.

A number of other brokerages have also weighed in on QLT. Deutsche Bank Aktiengesellschaft increased their price target on Quilter from GBX 165 to GBX 170 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Citigroup upped their target price on Quilter from GBX 198 to GBX 200 and gave the company a “neutral” rating in a research note on Monday, January 26th. UBS Group reiterated a “buy” rating and set a GBX 210 target price on shares of Quilter in a research report on Friday, January 16th. Jefferies Financial Group raised their price target on Quilter from GBX 210 to GBX 250 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Quilter from GBX 186 to GBX 189 and gave the company an “overweight” rating in a report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 207.

Quilter Trading Up 0.3%

Shares of QLT opened at GBX 184.80 on Thursday. The stock’s 50-day moving average price is GBX 188.97 and its two-hundred day moving average price is GBX 179.14. The company has a market capitalization of £2.57 billion, a PE ratio of -1,848.00, a PEG ratio of 2.50 and a beta of 0.80. Quilter has a 12 month low of GBX 119.70 and a 12 month high of GBX 201.60.

Quilter (LON:QLT) last announced its earnings results on Wednesday, March 4th. The company reported GBX 8.90 earnings per share (EPS) for the quarter. Quilter had a net margin of 1.28% and a return on equity of 8.35%. Equities research analysts predict that Quilter will post 9.004676 EPS for the current fiscal year.

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.