Berenberg Bank Reiterates Buy Rating for JTC (LON:JTC)

Key Points

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JTC (LON:JTC - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,400 ($18.61) price objective on the stock. Berenberg Bank's price objective would indicate a potential upside of 47.52% from the company's previous close.

Separately, Shore Capital reissued a "buy" rating and issued a GBX 1,150 ($15.28) price target on shares of JTC in a research note on Thursday.

JTC Stock Up 1.5%

Shares of JTC stock traded up GBX 14 ($0.19) on Thursday, reaching GBX 949 ($12.61). 1,061,940 shares of the company were exchanged, compared to its average volume of 672,856. The company has a market cap of £1.60 billion, a price-to-earnings ratio of 53.22 and a beta of 0.68. The company has a 50-day moving average of GBX 841.05 and a 200-day moving average of GBX 888.23. JTC has a one year low of GBX 751 ($9.98) and a one year high of GBX 1,178 ($15.66). The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70.

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.