Quilter (QLT) Given “Buy” Rating at UBS Group
Quilter (LON:QLT)‘s stock had its “buy” rating restated by stock analysts at UBS Group in a report issued on Monday, investing.thisismoney.co.uk reports. They currently have a GBX 175 ($2.29) target price on the stock, down from their previous target price of GBX 190 ($2.48). UBS Group’s price objective would indicate a potential upside of 44.44% from the company’s current price.
QLT has been the topic of several other reports. JPMorgan Chase & Co. dropped their target price on Quilter from GBX 168 ($2.20) to GBX 157 ($2.05) and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Numis Securities reaffirmed a “hold” rating and issued a GBX 138 ($1.80) target price on shares of Quilter in a research report on Wednesday, September 19th. Finally, Goldman Sachs Group began coverage on Quilter in a research report on Monday, August 6th. They issued a “buy” rating and a GBX 180 ($2.35) target price on the stock.
Shares of LON QLT opened at GBX 121.16 ($1.58) on Monday.
Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. The company operates through two segments, Advice & Wealth Management, and Wealth Platforms. The Advice & Wealth Management segment offers regulated face-to-face advice services to individuals and businesses in financial planning, mortgages, and protection through qualified financial advisers and mortgage and protection advisers; multi-asset investment solutions for its customers' accumulation and decumulation needs; and discretionary and advisory wealth management services to private clients, corporates, pension funds, trusts, and charities.
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