JPMorgan Chase & Co. Boosts Quilter (LON:QLT) Price Target to GBX 182

Quilter (LON:QLT) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 177 ($2.40) to GBX 182 ($2.47) in a research note issued on Thursday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 8.31% from the stock’s previous close.

QLT has been the subject of several other reports. Citigroup raised their price target on shares of Quilter from GBX 140 ($1.90) to GBX 166 ($2.25) and gave the company a “neutral” rating in a report on Thursday, July 10th. Jefferies Financial Group boosted their price target on shares of Quilter from GBX 175 ($2.37) to GBX 193 ($2.62) and gave the company a “buy” rating in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Quilter from GBX 165 ($2.24) to GBX 155 ($2.10) and set a “hold” rating on the stock in a research note on Wednesday, August 6th. Finally, Berenberg Bank upgraded shares of Quilter to a “buy” rating and increased their price objective for the company from GBX 150 ($2.03) to GBX 195 ($2.64) in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 178.20 ($2.42).

Quilter Price Performance

QLT stock opened at GBX 168.04 ($2.28) on Thursday. The firm has a market cap of £2.24 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 2.50 and a beta of 1.05. The company has a quick ratio of 0.05, a current ratio of 1.18 and a debt-to-equity ratio of 18.69. Quilter has a 12-month low of GBX 119.70 ($1.62) and a 12-month high of GBX 173.20 ($2.35). The company’s fifty day simple moving average is GBX 161.97 and its 200 day simple moving average is GBX 152.62.

Quilter (LON:QLT) last posted its quarterly earnings data on Wednesday, August 6th. The company reported GBX 5.60 ($0.08) EPS for the quarter. Quilter had a net margin of 0.78% and a return on equity of 3.33%. On average, analysts expect 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.