JTC (LON:JTC) Reaches New 52-Week High at $939.00

Shares of Jtc Plc (LON:JTC) hit a new 52-week high on Wednesday . The company traded as high as GBX 939 ($11.79) and last traded at GBX 935 ($11.74), with a volume of 50223 shares changing hands. The stock had previously closed at GBX 929 ($11.67).

Analyst Upgrades and Downgrades

JTC has been the topic of several recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 950 ($11.93) price objective on shares of JTC in a research report on Tuesday, April 9th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,100 ($13.82) price target on shares of JTC in a report on Friday, April 12th. Finally, Shore Capital reissued a “buy” rating on shares of JTC in a research note on Tuesday, April 9th.

JTC Trading Down 1.1 %

The business has a 50 day moving average of GBX 845.67 and a 200 day moving average of GBX 794.84. The firm has a market cap of £1.48 billion, a price-to-earnings ratio of 6,533.70 and a beta of 0.65. The company has a quick ratio of 2.70, a current ratio of 2.25 and a debt-to-equity ratio of 52.51.

JTC Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a GBX 7.67 ($0.10) dividend. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from JTC’s previous dividend of $3.50. JTC’s payout ratio is currently 7,857.14%.

About JTC

JTC PLC provides fund, corporate, and private wealth services to institutional and private clients. The company operates in two segments, Institutional Client Services and Private Client Services. It offers fund services in a range of asset classes, including real estate, private equity, renewables, hedge, debt, and alternative asset classes, as well as other administration services.