JTC (LON:JTC) Shares Down 8.5%

Jtc Plc (LON:JTC)’s stock price traded down 8.5% on Tuesday . The company traded as low as GBX 1,035 ($13.67) and last traded at GBX 1,038 ($13.71). 220,889 shares traded hands during trading, a decline of 34% from the average session volume of 333,665 shares. The stock had previously closed at GBX 1,134 ($14.98).

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Berenberg Bank raised their price objective on shares of JTC from GBX 1,300 ($17.17) to GBX 1,400 ($18.49) and gave the company a “buy” rating in a research note on Monday. Shore Capital restated a “hold” rating on shares of JTC in a research note on Tuesday.

JTC Stock Performance

The business’s fifty day moving average price is GBX 1,053.63 and its 200-day moving average price is GBX 939.88. The company has a debt-to-equity ratio of 52.51, a quick ratio of 2.70 and a current ratio of 2.25. The stock has a market cap of £1.71 billion, a PE ratio of 7,457.14 and a beta of 0.68.

JTC Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 4.30 ($0.06) per share. This represents a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, September 26th. JTC’s payout ratio is presently 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.