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

Jtc Plc (LON:JTC) shares shot 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 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

JTC has been the topic of a number of research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,400 target price on shares of JTC in a research note on Thursday, July 31st. Shore Capital reissued a “buy” rating and issued a GBX 1,150 price objective 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.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,275.

JTC Stock Up 17.8%

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

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.