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

Quilter (LON:QLT) had its target price raised by stock analysts at Citigroup from GBX 190 to GBX 195 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 6.68% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. UBS Group reiterated a “buy” rating and issued a GBX 210 price objective on shares of Quilter in a research report on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 220 price objective on shares of Quilter in a research report on Wednesday, April 15th. Berenberg Bank boosted their target price on shares of Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 201.57.

Quilter Price Performance

Quilter stock opened at GBX 182.79 on Friday. Quilter has a 52 week low of GBX 133.50 and a 52 week high of GBX 201.60. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49. The firm’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 P/E/G ratio of 2.50 and a beta of 0.80.

Quilter (LON:QLT) last released its quarterly earnings data 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%. On average, equities research analysts predict that Quilter will post 9.004676 EPS for the current fiscal year.

Insiders Place Their Bets

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