JTC (LON:JTC) Upgraded to Hold by Shore Capital

Shore Capital upgraded shares of JTC (LON:JTC) to a hold rating in a research report sent to investors on Monday, Analyst Price Targets reports.

Several other analysts have also weighed in on JTC. Berenberg Bank reiterated a buy rating and set a GBX 945 ($12.35) target price on shares of JTC in a research report on Thursday, October 14th. Royal Bank of Canada lowered shares of JTC to a sector perform rating and lifted their target price for the company from GBX 675 ($8.82) to GBX 830 ($10.84) in a research report on Wednesday, September 15th.

Shares of JTC stock opened at GBX 875 ($11.43) on Monday. The company has a debt-to-equity ratio of 56.56, a quick ratio of 3.95 and a current ratio of 4.12. The firm’s 50-day simple moving average is GBX 797.75 and its 200-day simple moving average is GBX 710.79. JTC has a twelve month low of GBX 534 ($6.98) and a twelve month high of GBX 957.27 ($12.51). The firm has a market cap of £1.28 billion and a P/E ratio of 28.74.

The company also recently declared a dividend, which was paid on Friday, October 29th. Investors of record on Thursday, September 30th were issued a dividend of GBX 2.60 ($0.03) per share. This represents a yield of 0.32%. The ex-dividend date of this dividend was Thursday, September 30th. JTC’s dividend payout ratio is currently 0.22%.

JTC Company Profile

JTC PLC provides fund, corporate, and private wealth services to institutional and private clients worldwide. It operates through two segments, Institutional Client Services and Private Client Services. The company offers fund services for the administration of various listed and unlisted funds in a range of asset classes, including real estate, private equity, renewables, hedge, debt, and alternative asset classes, as well as other administration services.

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