JTC's (JTC) Hold Rating Reiterated at Shore Capital

Shore Capital reissued their hold rating on shares of JTC (LON:JTC - Free Report) in a research report released on Thursday morning, Marketbeat reports.

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

JTC Stock Up 1.5 %

JTC stock traded up GBX 16.30 ($0.22) during midday trading on Thursday, reaching GBX 1,070 ($14.33). The company's stock had a trading volume of 234,978 shares, compared to its average volume of 435,298. The business has a 50-day simple moving average of GBX 1,057.80 and a 200-day simple moving average of GBX 948.93. The company has a market cap of £1.74 billion, a P/E ratio of 5,944.44 and a beta of 0.68. JTC has a fifty-two week low of GBX 623.50 ($8.35) and a fifty-two week high of GBX 1,178 ($15.77). The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 52.47.

JTC Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a dividend of GBX 4.30 ($0.06) per share. This represents a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, September 26th. JTC's dividend payout ratio is presently 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.