Jefferies Financial Group Reaffirms “Buy” Rating for Quilter (LON:QLT)

Quilter (LON:QLT)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued on Wednesday, Marketbeat.com reports. They currently have a GBX 220 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 22.15% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Citigroup increased their target price on shares of Quilter from GBX 198 to GBX 200 and gave the stock a “neutral” rating in a report on Monday, January 26th. JPMorgan Chase & Co. decreased their price target on shares of Quilter from GBX 223 to GBX 212 and set an “overweight” rating for the company in a report on Thursday, March 19th. Berenberg Bank restated a “buy” rating and issued a GBX 215 price objective on shares of Quilter in a research report on Thursday, March 5th. UBS Group reaffirmed a “buy” rating and set a GBX 210 price objective on shares of Quilter in a research note on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a report on Thursday, March 5th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 204.57.

Quilter Price Performance

Quilter stock opened at GBX 180.10 on Wednesday. The firm has a market capitalization of £2.48 billion, a P/E ratio of 20.94, a PEG ratio of 2.50 and a beta of 0.80. Quilter has a 1 year low of GBX 128.70 and a 1 year high of GBX 201.60. The business has a 50-day moving average of GBX 181.94 and a 200-day moving average of GBX 182.23. The company has a current ratio of 3.92, a quick ratio of 0.05 and a debt-to-equity ratio of 18.49.

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

Insider Buying and Selling at Quilter

In other Quilter news, insider Steven Levin sold 679,997 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Also, insider Mark Satchel sold 570,445 shares of Quilter stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total value of £1,009,687.65. Insiders own 0.36% of the company’s stock.

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.