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

Jtc Plc (LON:JTC)’s stock price rose 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). Approximately 4,164,218 shares were traded during mid-day trading, an increase of 516% from the average daily volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Wall Street Analysts Forecast Growth

JTC has been the topic of several recent research reports. Berenberg Bank restated a “buy” rating and issued a GBX 1,400 price target on shares of JTC in a research 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 research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, JTC presently has an average rating of “Buy” and a consensus price target of GBX 1,275.

JTC Price Performance

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. 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 company has a 50 day moving average of GBX 884.79 and a 200 day moving average of 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.