JTC (LON:JTC) Given Buy Rating at Berenberg Bank

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

Separately, Shore Capital reissued a buy rating on shares of JTC in a research report on Tuesday.

JTC Stock Performance

Shares of JTC opened at GBX 848 ($10.73) on Tuesday. The firm has a market cap of £1.41 billion, a price-to-earnings ratio of 4,935.29 and a beta of 0.70. The company’s fifty day moving average is GBX 793.89 and its 200-day moving average is GBX 762.23. The company has a quick ratio of 2.70, a current ratio of 2.23 and a debt-to-equity ratio of 32.05. JTC has a 12 month low of GBX 623.50 ($7.89) and a 12 month high of GBX 875 ($11.07).

JTC Increases Dividend

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

About JTC

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.