JTC (LON:JTC) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of JTC (LON:JTC) in a research note released on Tuesday, MarketBeat.com reports. Berenberg Bank currently has a GBX 1,400 ($18.17) target price on the stock.

JTC Stock Performance

LON:JTC opened at GBX 830 ($10.77) on Tuesday. The stock has a market capitalization of £1.40 billion, a P/E ratio of 46.55 and a beta of 0.68. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. JTC has a 1 year low of GBX 751 ($9.75) and a 1 year high of GBX 1,178 ($15.29). The firm has a 50 day moving average of GBX 931.99 and a 200-day moving average of GBX 983.87.

JTC Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Thursday, April 17th will be given a GBX 8.24 ($0.11) dividend. This is an increase from JTC’s previous dividend of $4.30. The ex-dividend date is Thursday, April 17th. This represents a yield of 1.05%. JTC’s payout ratio is presently 67.30%.

Insider Transactions at JTC

In related news, insider Dawn Marriott purchased 10,644 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of GBX 939 ($12.19) per share, with a total value of £99,947.16 ($129,734.11). Company insiders own 10.16% of the company’s stock.

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.