JTC’s (JTC) Buy Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of JTC (LON:JTC) in a report released on Tuesday, MarketBeat.com reports.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,400 ($18.17) target price on shares of JTC in a research report on Tuesday.

JTC Stock Up 7.9 %

Shares of JTC stock opened at GBX 830 ($10.77) on Tuesday. The firm’s fifty day moving average price is GBX 931.99 and its two-hundred day moving average price is GBX 983.87. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. JTC has a 1 year low of GBX 751 ($9.75) and a 1 year high of GBX 1,178 ($15.29). The firm has a market capitalization of £1.40 billion, a P/E ratio of 46.55 and a beta of 0.68.

JTC Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Thursday, April 17th will be given a dividend of GBX 8.24 ($0.11) per share. This represents a yield of 1.05%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from JTC’s previous dividend of $4.30. JTC’s payout ratio is 67.30%.

Insider Activity at JTC

In other news, insider Dawn Marriott acquired 10,644 shares of JTC stock in a transaction dated Friday, February 28th. The stock was bought at an average price of GBX 939 ($12.19) per share, for a total transaction of £99,947.16 ($129,734.11). 10.16% of the stock is owned by company insiders.

JTC Company Profile

JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all of our stakeholders. Our purpose is to maximise potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.