Quilter (LON:QLT) Price Target Lowered to GBX 212 at JPMorgan Chase & Co.

Quilter (LON:QLT) had its price target reduced by JPMorgan Chase & Co. from GBX 223 to GBX 212 in a research note published on Thursday, MarketBeat.com reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 215 price objective on shares of Quilter in a research report on Thursday, March 5th. Citigroup upped their price target on shares of Quilter from GBX 198 to GBX 200 and gave the company a “neutral” rating in a research report on Monday, January 26th. Jefferies Financial Group increased their price target on Quilter from GBX 210 to GBX 250 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group reissued a “buy” rating and issued a GBX 210 price objective on shares of Quilter in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research note on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 210.29.

Quilter Stock Performance

Shares of QLT stock opened at GBX 171.40 on Thursday. The stock has a market capitalization of £2.38 billion, a PE ratio of -1,714.00, a PEG ratio of 2.50 and a beta of 0.78. The business’s 50 day simple moving average is GBX 187.87 and its 200 day simple moving average is GBX 179.85. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05. Quilter has a one year low of GBX 119.70 and a one year high of GBX 201.60.

Quilter (LON:QLT) last released its quarterly 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%. As a group, research analysts forecast that Quilter will post 9.004676 earnings per share for the current 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.