JTC (LON:JTC) Receives “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of JTC (LON:JTC) in a report issued on Friday morning, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 1,100 ($13.92) price objective on the stock.

Other analysts have also recently issued reports about the company. Berenberg Bank reissued a buy rating and issued a GBX 950 ($12.02) target price on shares of JTC in a research note on Tuesday. Shore Capital reaffirmed a buy rating on shares of JTC in a research report on Tuesday.

JTC Stock Down 0.3 %

Shares of LON:JTC opened at GBX 868 ($10.99) on Friday. The stock’s 50-day moving average price is GBX 799.02 and its 200-day moving average price is GBX 764.34. JTC has a 12-month low of GBX 623.50 ($7.89) and a 12-month high of GBX 886 ($11.21). The stock has a market capitalization of £1.44 billion, a P/E ratio of 5,105.88 and a beta of 0.70. The company has a current ratio of 2.23, a quick ratio of 2.70 and a debt-to-equity ratio of 32.05.

JTC Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 30th will be given a GBX 7.67 ($0.10) dividend. This represents a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from JTC’s previous dividend of $3.50. JTC’s payout ratio is 5,882.35%.

JTC Company Profile

JTC PLC provides fund, corporate, and private wealth services to institutional and private clients. The company operates through 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.