Citigroup Issues Positive Forecast for Quilter (LON:QLT) Stock Price

Quilter (LON:QLT) had its target price 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 firm currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 2.70% from the stock’s previous close.

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

Quilter Stock Performance

LON QLT traded up GBX 5.60 on Thursday, reaching GBX 192.80. The stock had a trading volume of 2,860,290 shares, compared to its average volume of 4,105,717. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. The company has a market cap of £2.68 billion, a P/E ratio of -1,928.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The firm has a fifty day moving average of GBX 182.79 and a two-hundred day moving average of GBX 172.31. Quilter has a 1-year low of GBX 119.70 and a 1-year high of GBX 193.

Insider Buying and Selling at Quilter

In related news, insider Chris Hill acquired 28,224 shares of the stock in a transaction dated Friday, November 14th. The stock was purchased at an average cost of GBX 177 per share, with a total value of £49,956.48. Also, insider Alison Morris bought 13,857 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was bought at an average price of GBX 179 per share, for a total transaction of £24,804.03. 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.