JTC (LON:JTC) Shares Up 12.7% – Here’s What Happened

Jtc Plc (LON:JTC)’s share price shot up 12.7% during trading on Saturday . The company traded as high as GBX 1,376 ($18.66) and last traded at GBX 1,322.66 ($17.93). 3,510,700 shares traded hands during mid-day trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.92).

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JTC. Shore Capital restated a “hold” rating and issued a GBX 1,200 price target on shares of JTC in a report on Tuesday, September 2nd. Berenberg Bank reiterated a “buy” rating and set a GBX 1,400 target price on shares of JTC in a report on Thursday, July 31st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,025 target price on shares of JTC in a report on Monday, September 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, JTC presently has a consensus rating of “Hold” and a consensus target price of GBX 1,208.33.

JTC Stock Up 12.7%

The firm has a 50-day moving average price of GBX 952.82 and a 200 day moving average price of GBX 900.22. 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 £2.25 billion, a price-to-earnings ratio of -29,789.64 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.