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

Jtc Plc (LON:JTC)’s share price was 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 were traded 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 Upgrades and Downgrades

Several research analysts recently commented on the company. Shore Capital reaffirmed a “buy” rating and issued a GBX 1,150 target price on shares of JTC in a research report on Thursday, July 31st. Berenberg Bank reissued a “buy” rating and issued a GBX 1,400 target price 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 data from MarketBeat.com, JTC presently has a consensus rating of “Buy” and a consensus target price of GBX 1,275.

JTC Stock Performance

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

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.