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JTC PLC Completes Acquisition of Citi Trust Business

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JTC PLC Completes Acquisition of Citi Trust Business

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An announcement from JTC PLC ( (GB:JTC) ) is now available.

JTC PLC has completed its acquisition of Citigroup Inc.’s global fiduciary and trust administration services business for $80 million. This acquisition, funded through existing cash reserves and debt facilities, strengthens JTC’s presence in key growth areas and solidifies its position as a leading independent provider of global trust services, enhancing its annuity-driven revenue.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £1250.00 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

Spark’s Take on GB:JTC Stock

According to Spark, TipRanks’ AI Analyst, GB:JTC is a Neutral.

JTC PLC’s overall score is driven by a stable financial structure and positive corporate events such as strategic acquisitions and financing. However, the net loss and negative valuation metrics weigh negatively on the score.

To see Spark’s full report on GB:JTC stock, click here.

More about JTC PLC

JTC is a publicly listed, global professional services business specializing in fund, corporate, and private client services. The company emphasizes service excellence, long-term relationships, and technological capabilities to drive efficiency and add value.

Average Trading Volume: 468,047

Technical Sentiment Signal: Sell

Current Market Cap: £1.44B

For a thorough assessment of JTC stock, go to TipRanks’ Stock Analysis page.

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