Quilter (LON:QLT) Stock Price Expected to Rise, Citigroup Analyst Says

Quilter (LON:QLT) had its target price increased by analysts at Citigroup from GBX 198 to GBX 200 in a research report issued on Monday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 2.46% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Quilter from GBX 165 to GBX 170 and gave the company a “hold” rating in a report on Wednesday, January 21st. Royal Bank Of Canada raised their target price on shares of Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Berenberg Bank lifted their target price on shares of Quilter from GBX 195 to GBX 215 and gave the company a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group raised their price objective on Quilter from GBX 210 to GBX 250 and gave the company a “buy” rating in a research report on Thursday. 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 206.29.

Quilter Stock Up 0.8%

Shares of QLT traded up GBX 1.60 on Monday, reaching GBX 195.20. The stock had a trading volume of 19,533,754 shares, compared to its average volume of 4,467,742. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18. Quilter has a 12-month low of GBX 119.70 and a 12-month high of GBX 201.60. The firm has a market capitalization of £2.71 billion, a price-to-earnings ratio of -1,952.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company has a 50-day simple moving average of GBX 184.33 and a 200-day simple moving average of GBX 174.20.

Insider Activity

In other news, insider Chris Hill acquired 28,224 shares of Quilter stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of GBX 177 per share, for a total transaction of £49,956.48. Also, insider Alison Morris purchased 13,857 shares of the business’s stock in a transaction on Friday, November 14th. The shares were bought at an average cost of GBX 179 per share, with a total value of £24,804.03. 0.36% of the stock is currently owned by company insiders.

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.