JTC (LON:JTC) Stock Price Up 12.7% – Time to Buy?

Jtc Plc (LON:JTC)’s share price rose 12.7% during mid-day trading on Saturday . The company 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 mid-day 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 analysts have weighed in on JTC shares. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,025 price objective on shares of JTC in a report on Monday, September 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,400 price target on shares of JTC in a research note on Thursday, July 31st. Finally, Shore Capital reissued a “hold” rating and issued a GBX 1,200 price objective on shares of JTC in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 1,208.33.

JTC Trading Up 12.7%

The firm’s fifty day simple moving average is GBX 952.82 and its 200 day simple moving average is GBX 900.22. The stock has a market capitalization 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 quick ratio of 2.70 and a current ratio of 1.92.

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.