JPMorgan Chase & Co. Issues Pessimistic Forecast for Quilter (LON:QLT) Stock Price

Quilter (LON:QLT) had its price objective dropped by research analysts at JPMorgan Chase & Co. from GBX 212 to GBX 206 in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 13.44% from the stock’s previous close.

QLT has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research report on Thursday, March 5th. Citigroup cut their target price on shares of Quilter from GBX 200 to GBX 190 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. UBS Group restated a “buy” rating and set a GBX 210 target price on shares of Quilter in a research report on Friday, January 16th. Jefferies Financial Group restated a “buy” rating and set a GBX 220 target price on shares of Quilter in a research report on Wednesday, April 15th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 215 target price on shares of Quilter in a research report on Thursday, March 5th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Quilter has a consensus rating of “Moderate Buy” and a consensus price target of GBX 203.71.

Quilter Stock Down 0.5%

LON:QLT opened at GBX 181.60 on Tuesday. The stock’s fifty day moving average price is GBX 181.57 and its two-hundred day moving average price is GBX 182.76. Quilter has a 52-week low of GBX 128.70 and a 52-week high of GBX 201.60. The company has a debt-to-equity ratio of 18.49, a quick ratio of 0.05 and a current ratio of 3.92. The company has a market cap of £2.50 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.50 and a beta of 0.80.

Quilter (LON:QLT) last posted its quarterly earnings data 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%. On average, analysts anticipate that Quilter will post 9.004676 EPS for the current year.

Insiders Place Their Bets

In related news, insider Steven Levin sold 679,997 shares of the stock in a transaction that occurred on 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 stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total transaction of £1,009,687.65. 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.