JTC (LON:JTC) Given “Buy” Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of JTC (LON:JTC) in a report released on Tuesday morning, Marketbeat reports.

Separately, Berenberg Bank raised their target price on JTC from GBX 880 ($11.14) to GBX 950 ($12.02) and gave the stock a buy rating in a research report on Thursday, February 1st.

JTC Trading Down 0.3 %

Shares of JTC stock opened at GBX 868 ($10.99) on Tuesday. The company has a quick ratio of 2.70, a current ratio of 2.23 and a debt-to-equity ratio of 32.05. The firm has a market cap of £1.44 billion, a P/E ratio of 5,105.88 and a beta of 0.70. The company has a 50 day moving average of GBX 799.02 and a 200-day moving average of GBX 764.34. JTC has a 12-month low of GBX 623.50 ($7.89) and a 12-month high of GBX 886 ($11.21).

JTC Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a GBX 7.67 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 0.93%. This is a positive change from JTC’s previous dividend of $3.50. JTC’s payout ratio is 5,882.35%.

About JTC

JTC PLC provides fund, corporate, and private wealth services to institutional and private clients. The company operates through two segments, Institutional Client Services and Private Client Services. It offers fund services in a range of asset classes, including real estate, private equity, renewables, hedge, debt, and alternative asset classes, as well as other administration services.