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

Jtc Plc (LON:JTC)’s share price shot up 17.8% during mid-day trading on Saturday . The stock 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 mid-day trading, an increase of 516% from the average session volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Analysts Set New Price Targets

Several research firms have recently issued reports on JTC. Shore Capital reissued a “buy” rating and issued a GBX 1,150 price objective on shares of JTC in a research report on Thursday, July 31st. Berenberg Bank restated a “buy” rating and issued a GBX 1,400 target price on shares of JTC in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,275.

JTC Stock Up 17.8%

The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. The stock has a market capitalization of £1.96 billion, a P/E ratio of -25,990.99 and a beta of 0.68. The stock’s 50 day simple moving average is GBX 884.79 and its 200 day simple moving average is GBX 884.61.

JTC Company Profile

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.