JTC (LON:JTC) Trading 17.8% Higher – Time to Buy?

Shares of Jtc Plc (LON:JTC) 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 changed hands 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).

Wall Street Analyst Weigh In

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

JTC Trading Up 17.8%

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

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.