Berenberg Bank Raises JTC (LON:JTC) Price Target to GBX 1,400

JTC (LON:JTC) had its price objective raised by Berenberg Bank from GBX 1,300 ($17.17) to GBX 1,400 ($18.49) in a research note issued to investors on Monday morning, Marketbeat reports. They currently have a buy rating on the stock.

JTC Price Performance

LON:JTC opened at GBX 1,074 ($14.19) on Monday. JTC has a one year low of GBX 623.50 ($8.24) and a one year high of GBX 1,178 ($15.56). The stock has a market cap of £1.76 billion, a PE ratio of 7,671.43 and a beta of 0.68. The company has a debt-to-equity ratio of 52.51, a quick ratio of 2.70 and a current ratio of 2.25. The stock has a 50 day moving average price of GBX 1,054.26 and a 200 day moving average price of GBX 941.58.

JTC Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be given a dividend of GBX 4.30 ($0.06) per share. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 0.38%. JTC’s payout ratio is 7,857.14%.

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.