JTC (LON:JTC) Trading Up 1% – Still a Buy?

Jtc Plc (LON:JTC)’s stock price rose 1% during mid-day trading on Thursday . The stock traded as high as GBX 1,024 ($13.04) and last traded at GBX 1,018 ($12.97). Approximately 71,871 shares were traded 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 Analysts Forecast Growth

A number of equities analysts have weighed in on JTC shares. Berenberg Bank boosted their price target 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 reissued a “hold” rating on shares of JTC in a report on Thursday, September 26th.

JTC Price Performance

The firm has a market cap of £1.65 billion, a P/E ratio of 5,655.56 and a beta of 0.68. The firm’s fifty day moving average is GBX 1,036.30 and its 200 day moving average is GBX 1,009.49. The company has a debt-to-equity ratio of 52.47, a quick ratio of 2.70 and a current ratio of 1.92.

JTC Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were issued 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 dividend payout ratio is presently 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.