Citigroup Cuts Quilter (LON:QLT) Price Target to GBX 190

Quilter (LON:QLT) had its price objective reduced by Citigroup from GBX 200 to GBX 190 in a research note published on Thursday,Digital Look reports. They currently have a neutral rating on the stock.

QLT has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their price target on 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 issued a GBX 220 price target on shares of Quilter in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Quilter from GBX 223 to GBX 212 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 215 price target on shares of Quilter in a research note on Thursday, March 5th. Finally, UBS Group reiterated a “buy” rating and set a GBX 210 price objective on shares of Quilter in a research note on Friday, January 16th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 204.57.

Quilter Trading Up 2.7%

LON:QLT opened at GBX 184.90 on Thursday. The business’s 50-day simple moving average is GBX 181.71 and its 200-day simple moving average is GBX 182.51. The stock has a market capitalization of £2.55 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. Quilter has a fifty-two week low of GBX 128.70 and a fifty-two week high of GBX 201.60. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05.

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

Insider Activity

In other Quilter news, insider Steven Levin sold 679,997 shares of the firm’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 firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total transaction of £1,009,687.65. 0.36% of the stock is owned by company insiders.

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.