JTC (LON:JTC) Given Buy Rating at Shore Capital

Shore Capital reissued their buy rating on shares of JTC (LON:JTC - Free Report) in a report issued on Tuesday, Marketbeat Ratings reports.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 ($18.32) price objective on shares of JTC in a research report on Tuesday, April 8th.

JTC Trading Up 0.4 %

Shares of LON:JTC traded up GBX 3 ($0.04) during midday trading on Tuesday, hitting GBX 833 ($10.90). 800,326 shares of the stock were exchanged, compared to its average volume of 833,719. The stock has a market capitalization of £1.40 billion, a price-to-earnings ratio of 46.72 and a beta of 0.68. The business's 50-day moving average price is GBX 929.32 and its 200 day moving average price is GBX 982.18. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92. JTC has a 12 month low of GBX 751 ($9.83) and a 12 month high of GBX 1,178 ($15.42).

JTC Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Thursday, April 17th will be issued a GBX 8.24 ($0.11) dividend. The ex-dividend date is Thursday, April 17th. This is a positive change from JTC's previous dividend of $4.30. This represents a dividend yield of 1.05%. JTC's dividend payout ratio is currently 67.30%.

Insider Activity

In other news, insider Dawn Marriott purchased 10,644 shares of JTC stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of GBX 939 ($12.29) per share, for a total transaction of £99,947.16 ($130,820.89). Insiders own 10.16% of the company's stock.

About JTC

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.