Shore Capital Reaffirms "Hold" Rating for JTC (LON:JTC)

Key Points

• Shore Capital has reaffirmed a "hold" rating for JTC stock, with a price target of GBX 1,200 indicating a potential upside of 2.74% from its current price.
• Other firms, such as Royal Bank Of Canada and Berenberg Bank, have set differing price targets, with Berenberg proposing a target of GBX 1,400, showing varied analyst opinions on the stock.
• JTC's stock opened at GBX 1,168, maintaining a market capitalization of £1.98 billion but with a very high PE ratio of -26,306.31.

JTC (LON:JTC - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Shore Capital in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a GBX 1,200 price target on the stock. Shore Capital's price target indicates a potential upside of 2.90% from the company's previous close.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,025 target price on shares of JTC in a research report on Monday, September 1st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 target price on shares of JTC in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, JTC presently has an average rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Price Performance

Shares of JTC traded up GBX 8.16 during midday trading on Tuesday, reaching GBX 1,166.16. The stock had a trading volume of 486,322 shares, compared to its average volume of 688,722. JTC has a 52 week low of GBX 751 and a 52 week high of GBX 1,186. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The firm's 50 day moving average price is GBX 916.80 and its 200-day moving average price is GBX 892.91. The company has a market capitalization of £1.98 billion, a P/E ratio of -26,264.75 and a beta of 0.68.

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.