JTC (LON:JTC) Trading 17.8% Higher – 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 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).

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JTC shares. Berenberg Bank reissued a “buy” rating and issued a GBX 1,400 price target 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 target on shares of JTC in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,275.

JTC Stock Performance

The firm’s 50 day moving average is GBX 884.79 and its two-hundred day moving average is GBX 884.61. The stock has a market capitalization of £1.96 billion, a PE ratio of -25,990.99 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92.

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.