Quilter plc (LON:QLT) has garnered an average recommendation of “Moderate Buy” from seven research firms monitoring the stock, according to data from MarketBeat.com. The analysis reflects a consensus where two firms have issued a hold rating, while five others have opted for a buy rating, indicating optimism regarding the company’s future performance.
The average target price set by these brokerages over the past year stands at GBX 190. This figure serves as a benchmark for potential investors assessing the stock’s value and growth prospects. The recent insights into Quilter’s stock have emerged from several updated research reports, highlighting varying perspectives from financial institutions.
Recent Analyst Upgrades
On October 20, 2023, Citigroup raised its price objective for Quilter from GBX 172 to GBX 183, maintaining a “neutral” rating in its report. This adjustment signals a cautious yet positive outlook on the stock’s potential movement in the market.
Similarly, the Royal Bank of Canada increased its target price for Quilter from GBX 200 to GBX 210, assigning an “outperform” rating as of October 23, 2023. This upgrade underscores confidence in Quilter’s capacity to exceed market expectations.
In a further endorsement, Jefferies Financial Group raised its price target from GBX 193 to GBX 203, affirming a “buy” rating on October 17, 2023. Meanwhile, JPMorgan Chase & Co. increased their price target from GBX 186 to GBX 189 and categorized the stock as “overweight” on the same day.
Berenberg Bank also contributed to the positive sentiment by upgrading Quilter to a “buy” rating and adjusting their price objective from GBX 150 to GBX 195 in a report released on August 12, 2023. This range of upgrades reflects a growing confidence among analysts regarding Quilter’s market position.
About Quilter plc
Quilter plc is recognized as a leading full-service wealth management firm in the UK and beyond, committed to creating prosperity for current and future generations. The company operates within one of the world’s largest wealth markets, leveraging its multi-channel approach and strong investment performance to drive growth.
As Quilter continues to adapt to evolving market conditions, the latest analyst ratings may influence investor decisions, providing a clearer picture of the company’s trajectory in the competitive financial landscape.
For those interested in staying updated on Quilter’s performance and related news, MarketBeat.com offers a daily newsletter summarizing the latest ratings and developments in the stock market.
