JTC (LON:JTC) Trading 17.8% Higher – Still a Buy?

Jtc Plc (LON:JTC)’s share price traded 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). 4,164,218 shares were traded during mid-day 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

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

JTC Stock Up 17.8%

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 firm has a market cap of £1.96 billion, a PE ratio of -25,990.99 and a beta of 0.68. The stock has a fifty day simple moving average of GBX 884.79 and a two-hundred day simple 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.