Quilter (LON:QLT) Price Target Cut to GBX 212 by Analysts at JPMorgan Chase & Co.

Quilter (LON:QLT) had its price objective lowered by research analysts at JPMorgan Chase & Co. from GBX 223 to GBX 212 in a note issued to investors on Thursday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 23.69% from the company’s previous close.

QLT has been the subject of several other reports. Berenberg Bank restated a “buy” rating and set a GBX 215 price objective on shares of Quilter in a research note on Thursday, March 5th. Jefferies Financial Group raised their target price on shares of Quilter from GBX 210 to GBX 250 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft boosted 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. UBS Group reaffirmed a “buy” rating and issued a GBX 210 price target on shares of Quilter in a report on Friday, January 16th. Finally, Citigroup lifted their price objective on Quilter from GBX 198 to GBX 200 and gave the company a “neutral” rating in a research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 210.29.

Quilter Stock Performance

Shares of QLT stock traded down GBX 6.10 during mid-day trading on Thursday, reaching GBX 171.40. The stock had a trading volume of 94,139,289 shares, compared to its average volume of 12,719,481. Quilter has a 1-year low of GBX 119.70 and a 1-year high of GBX 201.60. The firm has a market cap of £2.38 billion, a price-to-earnings ratio of -1,714.00, a PEG ratio of 2.50 and a beta of 0.78. The company has a current ratio of 3.92, a quick ratio of 0.05 and a debt-to-equity ratio of 18.49. The business’s fifty day moving average is GBX 188.10 and its 200-day moving average is GBX 179.91.

Quilter (LON:QLT) last released its earnings results on Wednesday, March 4th. The company reported GBX 8.90 EPS for the quarter. Quilter had a return on equity of 8.35% and a net margin of 1.28%. On average, research analysts forecast that Quilter will post 9.004676 earnings per share for the current year.

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.