JTC (LON:JTC) Reaches New 52-Week High at $947.00

Jtc Plc (LON:JTC) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 947 ($12.03) and last traded at GBX 947 ($12.03), with a volume of 597618 shares traded. The stock had previously closed at GBX 899 ($11.42).

Analyst Upgrades and Downgrades

Several research firms have commented on JTC. Shore Capital reiterated a “buy” rating on shares of JTC in a report on Tuesday, April 9th. Berenberg Bank reiterated a “buy” rating and issued a GBX 950 ($12.07) price objective on shares of JTC in a report on Tuesday, April 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,100 ($13.98) price objective on shares of JTC in a report on Friday, April 12th.

JTC Price Performance

The company has a quick ratio of 2.70, a current ratio of 2.25 and a debt-to-equity ratio of 52.51. The company’s 50 day moving average is GBX 888.60 and its 200 day moving average is GBX 827.31. The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of 6,857.14 and a beta of 0.65.

JTC Increases Dividend

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

JTC Company Profile

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.