JTC (LON:JTC) Shares Up 17.8% – Time to Buy?

Shares of Jtc Plc (LON:JTC) traded up 17.8% during 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 traded hands 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).

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Shore Capital restated a “buy” rating and set a GBX 1,150 target price on shares of JTC in a report on Thursday, July 31st. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 1,275.

JTC Stock Performance

The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92. The stock has a 50-day moving average of GBX 884.79 and a 200-day moving average of GBX 884.61. The firm has a market cap of £1.96 billion, a price-to-earnings ratio of -25,990.99 and a beta of 0.68.

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.