Quilter (LON:QLT) Price Target Cut to GBX 206 by Analysts at JPMorgan Chase & Co.

Quilter (LON:QLT) had its price target decreased by JPMorgan Chase & Co. from GBX 212 to GBX 206 in a report published on Tuesday,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages have also commented on QLT. UBS Group restated 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 shares of Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 220 price objective on shares of Quilter in a research note on Wednesday, April 15th. Berenberg Bank restated a “buy” rating and set a GBX 215 price objective on shares of Quilter in a research note on Thursday, March 5th. Finally, Citigroup cut their price objective on shares of Quilter from GBX 200 to GBX 190 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 203.71.

Quilter Price Performance

Shares of LON:QLT opened at GBX 179.20 on Tuesday. The firm’s 50 day moving average is GBX 181.37 and its two-hundred day moving average is GBX 182.87. Quilter has a 52 week low of GBX 128.70 and a 52 week high of GBX 201.60. The firm has a market capitalization of £2.47 billion, a P/E ratio of 20.84, a PEG ratio of 2.50 and a beta of 0.80. 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 EPS for the quarter. Quilter had a net margin of 1.28% and a return on equity of 8.35%. Analysts anticipate that Quilter will post 9.004676 earnings per share for the current year.

Insider Activity

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

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.