Quilter (LON:QLT) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Quilter (LON:QLT)‘s stock had its “buy” rating reissued by Berenberg Bank in a report issued on Thursday, Digital Look reports. They currently have a GBX 220 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 21.28% from the stock’s current price.

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

Quilter Stock Down 0.8%

LON:QLT opened at GBX 181.40 on Thursday. The firm has a market capitalization of £2.43 billion, a P/E ratio of 21.34, a PEG ratio of 2.50 and a beta of 0.82. Quilter has a 1-year low of GBX 163.30 and a 1-year high of GBX 209. The company’s fifty day moving average price is GBX 184.73 and its 200-day moving average price is GBX 189.07. The company has a debt-to-equity ratio of 19.46, a current ratio of 2.09 and a quick ratio of 0.05.

Quilter (LON:QLT) last issued 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%. As a group, equities research analysts anticipate 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.