UBS Group Reiterates Buy Rating for Quilter (QLT)

UBS Group reaffirmed their buy rating on shares of Quilter (LON:QLT) in a report issued on Monday, investing.thisismoney.co.uk reports. The brokerage currently has a GBX 175 ($2.29) target price on the stock, down from their previous target price of GBX 190 ($2.48).

Several other research firms have also issued reports on QLT. Numis Securities increased their price objective on shares of Quilter from GBX 142 ($1.86) to GBX 147 ($1.92) and gave the stock a hold rating in a research report on Thursday, August 9th. JPMorgan Chase & Co. assumed coverage on shares of Quilter in a research report on Monday, August 6th. They issued a neutral rating and a GBX 163 ($2.13) price objective for the company. Finally, Goldman Sachs Group assumed coverage on shares of Quilter in a research report on Monday, August 6th. They issued a buy rating and a GBX 180 ($2.35) price objective for the company.

Shares of QLT stock opened at GBX 120.66 ($1.58) on Monday.

Quilter Company Profile

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. The company operates through two segments, Advice & Wealth Management, and Wealth Platforms. The Advice & Wealth Management segment offers regulated face-to-face advice services to individuals and businesses in financial planning, mortgages, and protection through qualified financial advisers and mortgage and protection advisers; multi-asset investment solutions for its customers' accumulation and decumulation needs; and discretionary and advisory wealth management services to private clients, corporates, pension funds, trusts, and charities.

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