JTC (LON:JTC) Trading 17.8% Higher – What’s Next?

Jtc Plc (LON:JTC) shares traded up 17.8% on Saturday . The stock 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 Analyst Weigh In

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

JTC Price Performance

The company’s 50-day moving average price is GBX 884.79 and its 200-day moving average price is GBX 884.61. 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 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.