JTC (LON:JTC) Shares Up 17.8% – Should You Buy?

Jtc Plc (LON:JTC)’s stock price shot up 17.8% during mid-day trading on Saturday . The company traded as high as GBX 1,160 ($15.67) and last traded at GBX 1,154 ($15.58). 4,164,218 shares were traded during trading, an increase of 516% from the average session volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JTC. Berenberg Bank reiterated a “buy” rating and set a GBX 1,400 target price on shares of JTC in a report on Thursday, July 31st. Shore Capital restated a “buy” rating and issued a GBX 1,150 price target on shares of JTC in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, JTC has an average rating of “Buy” and a consensus target price of GBX 1,275.

JTC Stock Performance

The stock has a market cap of £1.96 billion, a PE ratio of -25,990.99 and a beta of 0.68. The stock has a fifty day simple moving average of GBX 884.79 and a two-hundred day simple moving average of GBX 884.61. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92.

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.