JTC (LON:JTC) Trading 1% Higher - Here's Why

Jtc Plc (LON:JTC - Get Free Report)'s stock price was up 1% during trading on Thursday . The company traded as high as GBX 1,024 ($13.04) and last traded at GBX 1,018 ($12.97). Approximately 71,871 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 425,879 shares. The stock had previously closed at GBX 1,008 ($12.84).

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Berenberg Bank boosted their target price on JTC from GBX 1,300 ($16.56) to GBX 1,400 ($17.83) and gave the stock a "buy" rating in a research report on Monday, September 16th. Shore Capital reaffirmed a "hold" rating on shares of JTC in a report on Thursday, September 26th.

JTC Price Performance

The stock has a market cap of £1.65 billion, a price-to-earnings ratio of 5,655.56 and a beta of 0.68. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 52.47. The firm's 50 day moving average is GBX 1,036.30 and its two-hundred day moving average is GBX 1,009.49.

JTC Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a dividend of GBX 4.30 ($0.05) per share. This represents a dividend yield of 0.38%. The ex-dividend date was Thursday, September 26th. JTC's payout ratio is 6,666.67%.

JTC Company Profile

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.