JTC (LON:JTC) Trading Up 3% – Still a Buy?

Jtc Plc (LON:JTC) shares were up 3% during trading on Friday . The company traded as high as GBX 851 ($11.61) and last traded at GBX 846 ($11.55). Approximately 591,658 shares were traded during trading, a decline of 12% from the average daily volume of 674,444 shares. The stock had previously closed at GBX 821 ($11.21).

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on JTC shares. Shore Capital reissued a “buy” rating on shares of JTC in a report on Tuesday, April 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,400 ($19.11) price target on shares of JTC in a report on Tuesday, April 8th.

JTC Stock Performance

The company has a market capitalization of £1.42 billion, a price-to-earnings ratio of 47.45 and a beta of 0.68. The stock has a fifty day moving average price of GBX 849.45 and a two-hundred day moving average price of GBX 905.74. The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81.

JTC Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Thursday, April 17th were issued a GBX 8.24 ($0.11) dividend. This represents a dividend yield of 1.05%. This is a boost from JTC’s previous dividend of $4.30. The ex-dividend date was Thursday, April 17th. JTC’s payout ratio is 67.30%.

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.