JTC (LON:JTC) Trading 1% Higher – What’s Next?

Jtc Plc (LON:JTC) rose 1% during mid-day trading on Thursday . The stock traded as high as GBX 1,024 ($13.00) and last traded at GBX 1,018 ($12.92). Approximately 71,871 shares traded hands during trading, a decline of 83% from the average daily volume of 425,879 shares. The stock had previously closed at GBX 1,008 ($12.80).

Analyst Upgrades and Downgrades

JTC has been the subject of several analyst reports. Berenberg Bank increased their price target on shares of JTC from GBX 1,300 ($16.50) to GBX 1,400 ($17.77) and gave the stock a “buy” rating in a report on Monday, September 16th. Shore Capital reissued a “hold” rating on shares of JTC in a report on Thursday, September 26th.

JTC Stock Performance

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 company has a market capitalization of £1.65 billion, a PE ratio of 5,655.56 and a beta of 0.68. The stock’s fifty day simple moving average is GBX 1,036.30 and its 200-day simple moving average is GBX 1,009.49.

JTC Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were issued a GBX 4.30 ($0.05) dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.38%. JTC’s dividend payout ratio (DPR) 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.