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

Key Points

• Shore Capital has restated its hold rating for JTC (LON:JTC), reflecting a cautious stance on the stock.
• JTC currently holds a consensus target price of GBX 1,208.33, with distinct ratings from various analysts including a "buy" rating from Berenberg Bank.
• The company's stock is trading at around GBX 1,342, significantly higher than its 1-year low of GBX 751.

JTC (LON:JTC - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Shore Capital in a research report issued on Tuesday, MarketBeat Ratings reports.

A number of other equities research analysts have also recently issued reports on JTC. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,025 price objective on shares of JTC in a research note on Monday, September 1st. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 target price on shares of JTC in a report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, JTC has a consensus rating of "Hold" and an average target price of GBX 1,208.33.

JTC Stock Down 1.2%

Shares of JTC stock traded down GBX 16 on Tuesday, reaching GBX 1,326. 972,759 shares of the company were exchanged, compared to its average volume of 797,371. JTC has a one year low of GBX 751 and a one year high of GBX 1,385.16. The company has a market capitalization of £2.25 billion, a price-to-earnings ratio of -29,864.86 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. The company has a 50-day moving average of GBX 1,003.02 and a 200 day moving average of GBX 914.29.

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.