Jardine Lloyd Thompson’s (JLT) “Neutral” Rating Reiterated at JPMorgan Chase

JPMorgan Chase reiterated their neutral rating on shares of Jardine Lloyd Thompson (LON:JLT) in a research note released on Tuesday, May 1st. They currently have a GBX 1,240 ($16.82) price objective on the stock.

Separately, Barclays reaffirmed an overweight rating and set a GBX 1,480 ($20.08) price objective on shares of Jardine Lloyd Thompson in a report on Monday, January 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Jardine Lloyd Thompson currently has a consensus rating of Buy and an average target price of GBX 1,331.25 ($18.06).

JLT stock traded up GBX 20 ($0.27) during midday trading on Tuesday, reaching GBX 1,292 ($17.53). 174,598 shares of the company’s stock traded hands, compared to its average volume of 145,303. Jardine Lloyd Thompson has a 52 week low of GBX 1,078 ($14.62) and a 52 week high of GBX 1,468 ($19.91).

Jardine Lloyd Thompson (LON:JLT) last announced its quarterly earnings results on Wednesday, February 28th. The company reported GBX 58.50 ($0.79) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 58 ($0.79) by GBX 0.50 ($0.01). The business had revenue of GBX 138.60 billion during the quarter. Jardine Lloyd Thompson had a net margin of 10.22% and a return on equity of 41.00%.

The business also recently declared a dividend, which was paid on Tuesday, May 8th. Investors of record on Thursday, March 29th were issued a GBX 21.80 ($0.30) dividend. This is an increase from Jardine Lloyd Thompson’s previous dividend of $12.20. This represents a dividend yield of 1.63%. The ex-dividend date was Thursday, March 29th.

In related news, insider Dominic James Burke sold 26,000 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of GBX 1,284 ($17.42), for a total value of £333,840 ($452,848.62).

Jardine Lloyd Thompson Company Profile

Jardine Lloyd Thompson Group plc provides insurance, reinsurance, employee benefits related advice, brokerage, and associated service worldwide. The company's Risk and Insurance segment provides advice and consultancy services; brokerage and placement services; specialist insurance products; and other services in the areas, such as captive management, claims management and administration, capital raising, and corporate finance advice.

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