NCBFG Stock up 20% Year-To-Date
NCB Financial Group, (JSE: $NCBFG) stock is up 20% in the first half of the year. The Stock which traded at J$149.9 on the first trading day, January 02, 2019 is currently trading at J$178 on the Jamaica Stock Exchange.
NCBFG is expected to trade around $200.00 by the end of 2019. The growth in the stock is bolstered by performance of the company which realised a 50% growth in earnings last year.
NCBFG’s recent acquisition of Trinidad and Tobago based insurance company Guardian Holdings should auger well for earnings this year.
Caribbean Value Investor published an article presenting our case for why NCBFG stock might be worth as much as J$ 1000 within the next five years. You can read that article here:
Based on Caribbean Value Investor’s analysis, NCBFG could prove to be one of the best long term investments for investors seeking above average returns.
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