Berenberg Bank Reaffirms “Buy” Rating for JTC (LON:JTC)

Berenberg Bank reissued their buy rating on shares of JTC (LON:JTC) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 950 ($12.02) target price on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of JTC in a research note on Tuesday.

JTC Price Performance

JTC stock opened at GBX 868 ($10.99) on Tuesday. The firm has a market capitalization of £1.44 billion, a P/E ratio of 5,105.88 and a beta of 0.70. The business has a 50-day moving average of GBX 799.02 and a 200-day moving average of GBX 764.34. The company has a current ratio of 2.23, a quick ratio of 2.70 and a debt-to-equity ratio of 32.05. JTC has a 1 year low of GBX 623.50 ($7.89) and a 1 year high of GBX 886 ($11.21).

JTC Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be given a GBX 7.67 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from JTC’s previous dividend of $3.50. This represents a dividend yield of 0.93%. JTC’s payout ratio is currently 5,882.35%.

JTC Company Profile

JTC PLC provides fund, corporate, and private wealth services to institutional and private clients. The company operates through 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.