JTC (LON:JTC) Stock Price Up 12.7% – Here’s Why

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

Wall Street Analyst Weigh In

Several equities analysts have commented on JTC shares. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,025 target price on shares of JTC in a research report on Monday, September 1st. Berenberg Bank reissued a “buy” rating and set a GBX 1,400 target price on shares of JTC in a research report on Thursday, July 31st. Finally, Shore Capital reissued a “hold” rating and set a GBX 1,200 target price on shares of JTC in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,208.33.

JTC Trading Up 12.7%

The stock has a market cap of £2.25 billion, a P/E ratio of -29,789.64 and a beta of 0.68. 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 business’s 50 day simple moving average is GBX 952.82 and its 200 day simple moving average is GBX 900.22.

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.