Shore Capital Reaffirms Buy Rating for JTC (LON:JTC)

Key Points

• Shore Capital has reiterated a "buy" rating for JTC, with a target price of GBX 1,150 ($15.25), indicating a potential upside of 22.53% from the previous close.
• Berenberg Bank also reaffirmed a "buy" rating for JTC, setting a higher target price of GBX 1,400 ($18.56).
• JTC's stock performance shows a one-year range with a low of GBX 751 ($9.96) and a high of GBX 1,178 ($15.62), and the company has a market capitalization of £1.58 billion.

Shore Capital reissued their buy rating on shares of JTC (LON:JTC - Free Report) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has a GBX 1,150 ($15.26) price objective on the stock.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 1,400 ($18.58) target price on shares of JTC in a research report on Tuesday, April 8th.

JTC Price Performance

Shares of LON:JTC traded down GBX 4 ($0.05) on Thursday, hitting GBX 935 ($12.41). The company had a trading volume of 646,991 shares, compared to its average volume of 670,227. The business has a 50 day moving average of GBX 841.05 and a 200 day moving average of GBX 889.55. JTC has a 52-week low of GBX 751 ($9.97) and a 52-week high of GBX 1,178 ($15.64). The company has a market cap of £1.57 billion, a PE ratio of 52.44 and a beta of 0.68. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81.

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.