JTC (LON:JTC – Get Rating)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 860 ($10.68) price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 21.47% from the stock’s […]
Jtc Plc (LON:JTC – Get Rating) hit a new 52-week low on Friday . The company traded as low as GBX 581 ($7.05) and last traded at GBX 581 ($7.05), with a volume of 907647 shares traded. The stock had previously closed at GBX 595 ($7.22). A number of equities analysts recently weighed in on […]
30 April 2021 | 08:33am
StockMarketWire.com - The FTSE 100 opened up slightly, rising by 22 points as investors digested the latest quarterly results from blue chips including AstraZeneca and Barclays.
High-street bank Barclays reported a sharp rise in first-quarter profit as materially lower credit impairment charges offset a fall in income. For the three months through March, pre-tax profit jumped to a record £2.4 billion from £0.9 billion, while income slipped 6% to £5.9 billion year-on-year. However, its share price slipped in morning trading, down over 7% to 175.18p.
Packaging firm Smurfit Kappa has revealed that corrugated volume growth in the first quarter was up approximately 7% in both Europe and the Americas, driving underlying revenue growth of 6% to €2,269 million (£1,972 million). It opened today up over 100 points to £36.71 per share.
30 April 2021 | 08:04am
StockMarketWire.com - Fund and private client services JTC said it had raised gross proceeds of £65.9 million through an equity offering at a discount.
The company placed 10,626,078 shares at a price of 620 pence per share, representing a discount of 1.7%.
The proceeds would allow the group to capitalise on a pipeline of near-term acquisition opportunities, the company said.
At 8:04am: [LON:JTC] Jtc PLC share price was 0p at 588p
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6 April 2021 | 07:32am
StockMarketWire.com - Fund services provider JTC said it had completed the acquisition of RBC cees, part of RBC Wealth Management, after receiving the necessary regulatory approvals.
The acquisition was announced on 10th December 2020.
The acquisition expands JTC s institutional client services footprint in the Channel Islands and the UK, adding approximately 180 employees and a book of over 430 corporate relationships and more than 890 plans, the company said. We expect enhanced financial performance over the medium-term once fully integrated onto the JTC platform, as well as good organic growth opportunities over the medium and long-term, and cross-sell opportunities with our private client services division, it added.