Quilter (LON:QLT) Price Target Cut to GBX 190 by Analysts at Citigroup

Quilter (LON:QLT) had its target price reduced by Citigroup from GBX 200 to GBX 190 in a research note published on Thursday,Digital Look reports. Citigroup currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 215 price target on shares of Quilter in a research note on Thursday, March 5th. JPMorgan Chase & Co. decreased their price target on Quilter from GBX 223 to GBX 212 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. UBS Group reissued a “buy” rating and issued a GBX 210 price target on shares of Quilter in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 220 price target on shares of Quilter in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 204.57.

Quilter Stock Down 3.2%

Shares of LON:QLT opened at GBX 180.10 on Thursday. The stock’s 50-day moving average price is GBX 181.94 and its two-hundred day moving average price is 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 has a 12-month low of GBX 128.70 and a 12-month high of GBX 201.60. The firm has a market cap of £2.48 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.50 and a beta of 0.80.

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

Insider Activity

In other news, insider Steven Levin sold 679,997 shares of Quilter stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total value 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.