Quilter (LON:QLT) Given New GBX 198 Price Target at Citigroup

Quilter (LON:QLT) had its price target raised by stock analysts at Citigroup from GBX 183 to GBX 198 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 2.70% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group increased their price target on shares of Quilter from GBX 193 to GBX 203 and gave the company a “buy” rating in a research report on Friday, October 17th. Royal Bank Of Canada increased their target price on shares of Quilter from GBX 200 to GBX 210 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of Quilter from GBX 186 to GBX 189 and gave the stock an “overweight” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Quilter from GBX 155 to GBX 160 and gave the company a “hold” rating in a research note on Friday, October 3rd. Finally, UBS Group reissued a “buy” rating and set a GBX 190 price objective on shares of Quilter in a report on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Quilter presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 192.14.

Quilter Stock Performance

Shares of Quilter stock traded up GBX 5.60 during mid-day trading on Thursday, hitting GBX 192.80. 2,860,290 shares of the stock were exchanged, compared to its average volume of 4,105,717. Quilter has a 12 month low of GBX 119.70 and a 12 month high of GBX 193. The company has a 50-day simple moving average of GBX 182.79 and a 200 day simple moving average of GBX 172.31. The company has a market capitalization of £2.68 billion, a P/E ratio of -1,928.00, a P/E/G ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18.

Insider Activity

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

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.