Quilter (LON:QLT) Receives “Buy” Rating from UBS Group

UBS Group reissued their buy rating on shares of Quilter (LON:QLT) in a report published on Friday morning, MarketBeat.com reports. They currently have a GBX 210 price objective on the stock.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada increased their target price on Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Jefferies Financial Group upped their price objective on Quilter from GBX 193 to GBX 203 and gave the stock a “buy” rating in a research note on Friday, October 17th. Citigroup raised their price objective on Quilter from GBX 183 to GBX 198 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on Quilter from GBX 186 to GBX 189 and gave the company an “overweight” rating in a research note on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a report on Friday, October 3rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 195.

Quilter Price Performance

LON QLT opened at GBX 192.60 on Friday. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18. The firm’s 50 day moving average price is GBX 183.20 and its 200-day moving average price is GBX 172.70. Quilter has a 52-week low of GBX 119.70 and a 52-week high of GBX 193.30. The company has a market cap of £2.67 billion, a PE ratio of -1,926.00, a P/E/G ratio of 2.50 and a beta of 1.05.

Insider Activity

In other Quilter news, insider Chris Hill bought 28,224 shares of Quilter stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average cost of GBX 177 per share, with a total value of £49,956.48. Also, insider Alison Morris purchased 13,857 shares of the stock in a transaction on Friday, November 14th. The stock was acquired at an average cost of GBX 179 per share, with a total value of £24,804.03. Corporate 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.