JTC PLC ( (GB:JTC) ) has provided an update.
JTC PLC has announced the issuance of new shares following the achievement of performance targets related to its acquisition of South Dakota Trust Company. The company will pay $35 million in further consideration, comprised of cash and new ordinary shares, which will be admitted to the London Stock Exchange. This move increases JTC’s total voting rights to 170,303,479, impacting shareholder calculations under FCA rules.
Spark’s Take on GB:JTC Stock
According to Spark, TipRanks’ AI Analyst, GB:JTC is a Neutral.
The overall score of 64 reflects strong revenue growth and strategic corporate actions, tempered by operational challenges leading to a net loss. Technical indicators suggest a bearish trend, and valuation concerns persist due to a negative P/E ratio. However, proactive corporate events and strong cash flows provide a foundation for potential improvement.
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 with expertise in fund, corporate, and private client services. The company emphasizes service excellence, long-term relationships, and technology capabilities, with a culture where every employee is an owner, aligning their interests with stakeholders.
YTD Price Performance: -16.67%
Average Trading Volume: 417,820
Technical Sentiment Signal: Hold
Current Market Cap: £1.36B
See more data about JTC stock on TipRanks’ Stock Analysis page.