Berenberg Bank Reaffirms Buy Rating for Quilter (LON:QLT)

Quilter (LON:QLT)‘s stock had its “buy” rating reissued by Berenberg Bank in a research report issued on Thursday, Digital Look reports. They presently have a GBX 220 target price on the stock. Berenberg Bank‘s price target indicates a potential upside of 19.57% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Citigroup lifted their price target on Quilter from GBX 195 to GBX 210 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 235 price target on shares of Quilter in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Quilter currently has a consensus rating of “Moderate Buy” and an average target price of GBX 210.86.

Quilter Price Performance

Quilter stock traded down GBX 0.60 during midday trading on Thursday, reaching GBX 184. 318,078 shares of the stock were exchanged, compared to its average volume of 20,637,230. The firm has a market cap of £2.47 billion, a PE ratio of 21.65, a PEG ratio of 2.50 and a beta of 0.82. The company has a debt-to-equity ratio of 19.46, a quick ratio of 0.05 and a current ratio of 2.09. The company’s fifty day moving average is GBX 184.02 and its 200-day moving average is GBX 187.86. Quilter has a 52 week low of GBX 163.30 and a 52 week high of GBX 209.

Quilter (LON:QLT) last announced its earnings results on Thursday, August 6th. The company reported GBX 3.30 earnings per share (EPS) for the quarter. Quilter had a net margin of 0.88% and a return on equity of 8.39%. On average, sell-side analysts forecast that Quilter will post 9.00 EPS for the current year.

About Quilter

Quilter is a leading UK-focused full-service wealth manager, providing advice-led investment solutions and investment platform services to over 500,000 clients.

Its purpose is to create brighter financial futures for every generation.

Quilter strives to do this through supporting long-term advice-based relationships, delivering good investment management performance while maintaining consistently high-quality customer service.

It has leading positions in one of the world’s largest wealth markets, and its multi-channel distribution, award-winning platform and investment solutions are delivering attractive growth.