Quilter (LON:QLT) Hits New 52-Week High Following Analyst Upgrade

Quilter plc (LON:QLT) reached a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 182 to GBX 186. JPMorgan Chase & Co. currently has an overweight rating on the stock. Quilter traded as high as GBX 181 ($2.43) and last traded at GBX 180.11 ($2.41), with a volume of 1563468 shares trading hands. The stock had previously closed at GBX 174.81 ($2.34).

Several other research analysts have also issued reports on QLT. Berenberg Bank upgraded Quilter to a “buy” rating and raised their price target for the stock from GBX 150 to GBX 195 in a research report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft lifted their target price on Quilter from GBX 155 to GBX 160 and gave the stock a “hold” rating in a report on Friday, October 3rd. Jefferies Financial Group lifted their target price on Quilter from GBX 175 to GBX 193 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Citigroup lifted their target price on Quilter from GBX 166 to GBX 172 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Quilter has an average rating of “Moderate Buy” and a consensus price target of GBX 181.20.

Quilter Price Performance

The company has a 50 day simple moving average of GBX 164.61 and a 200-day simple moving average of GBX 155.16. The stock has a market cap of £2.43 billion, a price-to-earnings ratio of -175,038.00, a P/E/G ratio of 2.50 and a beta of 1.05. The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69.

Quilter (LON:QLT) last released its quarterly earnings results on Wednesday, August 6th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. Quilter had a return on equity of 3.33% and a net margin of 0.78%. Research analysts expect that Quilter plc will post 9.004676 EPS for the current year.

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.