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

Shares of Jtc Plc (LON:JTC) were 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). Approximately 4,164,218 shares changed hands during trading, an increase of 516% from the average daily volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Analyst Ratings Changes

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

JTC Stock Up 17.8%

The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The firm’s 50-day moving average price is GBX 884.79 and its 200 day moving average price is GBX 884.61. The firm has a market capitalization 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.