Quilter (QLT)

Sector:

Financials

Index:

FTSE 250

111.80p
   
  • Change Today:
    -0.40p
  • 52 Week High: 114.56
  • 52 Week Low: 71.30
  • Currency: UK Pounds
  • Shares Issued: 1,404.11m
  • Volume: 3,141,301
  • Market Cap: £1,569.79m
  • RiskGrade: 118

Citi trims Quilter price target, reiterates 'sell' rating

By Michele Maatouk

Date: Thursday 31 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Citi trimmed its price target for Quilter on Thursday to 68p from 70p and reiterated its 'sell' rating.
The bank noted that larger-than-expected cost cuts have led to 10% consensus earnings per share upgrades since H1 results, with Quilter outperforming the UK market by around 25%.

"Yet a third major cost-cutting programme in four years may imply low confidence in the revenue outlook, which our analysis suggests is the main profit driver," it said.

"Our cost benchmarking analysis indicates that revenues, not costs, are Quilter's key issue."

Citi said that detailed margin analysis had driven its FY 2025 revenue estimate 7% below consensus, with around 30% downside to consensus EPS.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Quilter Market Data

Currency UK Pounds
Share Price 111.80p
Change Today -0.40p
% Change -0.36 %
52 Week High 114.56
52 Week Low 71.30
Volume 3,141,301
Shares Issued 1,404.11m
Market Cap £1,569.79m
RiskGrade 118

Quilter Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.09% above the market average78.09% above the market average78.09% above the market average78.09% above the market average78.09% above the market average
1.85% above the sector average1.85% above the sector average1.85% above the sector average1.85% above the sector average1.85% above the sector average
Price Trend
46.24% above the market average46.24% above the market average46.24% above the market average46.24% above the market average46.24% above the market average
29.31% above the sector average29.31% above the sector average29.31% above the sector average29.31% above the sector average29.31% above the sector average
Income
56.37% above the market average56.37% above the market average56.37% above the market average56.37% above the market average56.37% above the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Growth
69.61% below the market average69.61% below the market average69.61% below the market average69.61% below the market average69.61% below the market average
46.79% below the sector average46.79% below the sector average46.79% below the sector average46.79% below the sector average46.79% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 7
Sell 2
Strong Sell 1
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Quilter Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 31-Aug-23
Paid 28-May-24 18-Sep-23
Amount 3.70p 1.50p

Trades for 15-May-2024

Time Volume / Share Price
16:45 416,796 @ 114.56p
16:37 5,000 @ 111.80p
16:35 3,783 @ 111.80p
16:35 1,850 @ 111.80p
16:35 18,964 @ 111.80p

Quilter Key Personnel

CFO Mark Satchel
CEO Steven Levin

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