Jardine Lloyd Thompson Group plc Downgraded by Canaccord Genuity to “Hold” (JLT)
Jardine Lloyd Thompson Group plc (LON:JLT) was downgraded by stock analysts at Canaccord Genuity to a “hold” rating in a report issued on Wednesday. They currently have a GBX 1,070 ($18.17) price target on the stock, down from their previous price target of GBX 1,165 ($19.78). Canaccord Genuity’s price objective suggests a potential upside of 3.18% from the stock’s previous close.
Jardine Lloyd Thompson Group plc (LON:JLT) remained flat at GBX 1037.00 during during mid-day trading trading on Wednesday. The stock had a trading volume of 296,214 shares. Jardine Lloyd Thompson Group plc has a 1-year low of GBX 876.5001 and a 1-year high of GBX 1108.23. The stock has a 50-day moving average of GBX 1050.81 and a 200-day moving average of GBX 1050.. The company’s market cap is £2.190 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 3rd will be paid a dividend of GBX 10.60 ($0.18) per share. This represents a dividend yield of 1.02%. The ex-dividend date is Wednesday, September 3rd.
A number of other firms have also recently commented on JLT. Analysts at Westhouse Securities reiterated an “add” rating on shares of Jardine Lloyd Thompson Group plc in a research note on Tuesday. They now have a GBX 1,170 ($19.87) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Jardine Lloyd Thompson Group plc to a “hold” rating in a research note on Tuesday. They now have a GBX 1,120 ($19.02) price target on the stock, down previously from GBX 1,190 ($20.21). Finally, analysts at Panmure Gordon upgraded shares of Jardine Lloyd Thompson Group plc to a “hold” rating in a research note on Monday. They now have a GBX 1,050 ($17.83) price target on the stock, up previously from GBX 925 ($15.71). Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Jardine Lloyd Thompson Group plc presently has a consensus rating of “Hold” and an average target price of GBX 1,071.33 ($18.19).
Jardine Lloyd Thompson Group plc is a holding company. The Company and its subsidiary are engaged in risk management advice, insurance and reinsurance broking, underwriting services and the provision of employee benefit services.
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