JTC (LON:JTC) Stock Price Up 1.2% – Here’s What Happened

Jtc Plc (LON:JTC)’s share price was up 1.2% on Thursday . The company traded as high as GBX 992 ($12.91) and last traded at GBX 992 ($12.91). Approximately 165,901 shares traded hands during trading, a decline of 62% from the average daily volume of 434,095 shares. The stock had previously closed at GBX 980 ($12.76).

Analysts Set New Price Targets

JTC has been the subject of a number of research analyst reports. Berenberg Bank lifted their target price on shares of JTC from GBX 1,300 ($16.92) to GBX 1,400 ($18.22) and gave the stock a “buy” rating in a research report on Monday, September 16th. Shore Capital reiterated a “hold” rating on shares of JTC in a research report on Thursday, September 26th.

JTC Trading Up 1.2 %

The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 52.47. The firm has a market capitalization of £1.61 billion, a PE ratio of 5,511.11 and a beta of 0.68. The stock’s fifty day simple moving average is GBX 1,059.46 and its 200 day simple moving average is GBX 997.77.

JTC Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were paid a GBX 4.30 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a dividend yield of 0.38%. JTC’s dividend payout ratio (DPR) 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.