The share price of ) dropped by 1% in midday trading on Friday. The company traded from GBX 758.50 ($9.57) to GBX 758.50 ($9.57), and traded last at GBX758.50 ($9.57). Mid-day trading saw approximately 35,665 share transactions, an 86% decrease from the daily average of 258,346. The stock closed earlier at GBX $766.50 ($9.67).
Changes in Analyst Ratings
JTC was the subject of several recent research reports. Royal Bank of Canada lowered their target price for JTC in a recent research report from GBX 820 to GBX 760. They also assigned the stock a sector perform rating. In a report published on Tuesday, April 11, Berenberg Bank reissued a GBX 840 ($11.10) price target on JTC shares. Shore Capital reissued an 'buy rating' on shares of JTC on Tuesday, April 11. The market cap is PS1.13 billion. It has a P/E ratio of 3,160.42, and a beta value of 0.43. The company's 50-day moving average is GBX 722.79, and its two-hundred-day moving average is GBX 743.54. The debt-to equity ratio for the company is 49.60. Its quick ratio is 2.70, and its current ratio is 3.15.
JTC Increases Dividend
A dividend was also declared by the business, and will be paid out on Friday 30th June. The dividend will be paid to shareholders who were registered on the 1st of June. This is an increase from JTC's prior dividend of $3.10. Ex-dividend day is June 1, 2005. This dividend yield is 0.91%. JTC has a payout ratio of 4,166.67%.
JTC PLC offers fund, corporate and private wealth services to clients in the United States and abroad. The company is divided into two segments: Institutional Client Services, and Private Client Services. The company offers fund services across a variety of asset classes including real estate and private equity. It also provides administration services for hedge funds, debt, alternative asset classes as well as renewables.
MarketBeat.com offers a FREE daily email newsletter