JTC (LON:JTC) Stock Price Up 12.7% – What’s Next?

Jtc Plc (LON:JTC) shares rose 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). 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

A number of brokerages have recently weighed in on JTC. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,025 target price on shares of JTC in a research note on Monday, September 1st. Berenberg Bank restated a “buy” rating and issued a GBX 1,400 target price on shares of JTC in a research note on Thursday, July 31st. Finally, Shore Capital restated a “hold” rating and issued a GBX 1,200 target price on shares of JTC in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 1,208.33.

JTC Price Performance

The business’s fifty day simple moving average is GBX 952.82 and its 200-day simple moving average is GBX 900.22. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. The firm has a market cap of £2.25 billion, a P/E 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.