JTC (LON:JTC) Rating Reiterated by Shore Capital

Shore Capital reaffirmed their hold rating on shares of JTC (LON:JTC) in a research report report published on Thursday morning, MarketBeat reports.

Separately, Berenberg Bank upped their target price on JTC from GBX 1,300 ($17.41) to GBX 1,400 ($18.75) and gave the stock a buy rating in a research report on Monday, September 16th.

JTC Price Performance

Shares of LON JTC opened at GBX 1,078 ($14.43) on Thursday. JTC has a 1-year low of GBX 623.50 ($8.35) and a 1-year high of GBX 1,178 ($15.77). The business has a 50-day moving average of GBX 1,059.02 and a 200-day moving average of GBX 951.74. The company has a debt-to-equity ratio of 52.47, a current ratio of 1.92 and a quick ratio of 2.70. The company has a market capitalization of £1.75 billion, a price-to-earnings ratio of 5,988.89 and a beta of 0.68.

JTC Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a GBX 4.30 ($0.06) dividend. This represents a yield of 0.38%. The ex-dividend date is Thursday, September 26th. JTC’s dividend payout ratio is currently 6,666.67%.

About JTC

JTC PLC provides fund, corporate, and private wealth services to institutional and private clients. The company operates in 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.