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Prices & Quotes - UK Markets - JTC (JTC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 659.00p
Change Today:
10.00p
Market Cap:
877.45m
Sector:
Financial Services

RBC Capital raises target price on JTC Group

By Iain Gilbert

Date: Tuesday 05 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets raised their target price on fund management services provider JTC Group from 610.0p to 640.0p on Tuesday following some recent mergers and acquisitions.
The analysts adjusted their forecasts for JTC's RBC Cees deal, stating whilst there was "some uncertainty" from new business wins through Covid-19 and highlighted that the company still needs to deliver on the integration of recent M&A, they still continue to see the stock as "good value" given medium-term structural organic growth prospects and a "significant consolidation opportunity".

RBC added that it remained at 'outperform' on the stock, stating that there were few companies with the growth or returns profile of JTC, and as such, a premium rating was justified.

"With high levels of visibility, a balance sheet to support its acquisition strategy, and potential to improve margins from current levels (following a period of significant investment), we continue to be fans of the story," said RBC.

The Canadian bank also said JTC was "well-positioned" given its "unique ownership model" and jurisdictional reach.

"The stock performed well in 2020 (up 35%), and whilst there remains some risk of new business wins slowdowns as a result of Covid-19 and it needs to deliver on recent M&A integration, we continue to see risk-reward in favour given the medium-term growth opportunities," concluded RBC.

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JTC Market Data

Currency UK Pounds
Price 659.00p
Change Today 10.00p
52 Week High 673.00p
52 Week Low 400.00p
Volume 242,596
Shares Issued 133.15m
Market Cap 877.45m
Beta 0.00

Performance Indicators

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Operating Margin
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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 8
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JTC Dividends

  Latest Previous
  Final Interim
Ex-Div 10-Jun-21 24-Sep-20
Paid 02-Jul-21 23-Oct-20
Amount 4.35p 2.40p

Trades for 12-May-2021

Time Volume / Share Price
16:40 1,320 @ 651.86p
16:38 14,901 @ 659.67p
16:37 14,000 @ 659.67p
16:37 14,000 @ 659.67p
16:37 13,000 @ 659.67p

JTC Key Personnel

CEO Nigel Le Quesne
CFO Martin Fotheringham