Berenberg Bank Forecasts Strong Price Appreciation for Quilter (LON:QLT) Stock

Quilter (LON:QLT) had its price target raised by research analysts at Berenberg Bank from GBX 190 to GBX 195 in a research note issued on Friday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 6.68% from the stock’s previous close.

Several other research firms have also weighed in on QLT. UBS Group reaffirmed a “buy” rating and issued a GBX 210 price objective on shares of Quilter in a research note on Friday, January 16th. Citigroup reduced their price objective on Quilter from GBX 200 to GBX 190 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 220 price objective on shares of Quilter in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft raised 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. Finally, JPMorgan Chase & Co. reduced their price objective on Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 201.57.

Quilter Stock Performance

LON:QLT opened at GBX 182.79 on Friday. The stock’s 50-day simple moving average is GBX 181.79 and its 200 day simple moving average is GBX 183.22. The firm has a market capitalization of £2.52 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49. Quilter has a twelve month low of GBX 133.50 and a twelve month high of GBX 201.60.

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

Insider Transactions at Quilter

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 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. Company insiders own 0.36% of the company’s stock.

Quilter Company Profile

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.