JTC (LON:JTC) Trading 12.7% Higher – Here’s Why

Shares of Jtc Plc (LON:JTC) traded up 12.7% on Saturday . The stock traded as high as GBX 1,376 ($18.66) and last traded at GBX 1,322.66 ($17.93). 3,510,700 shares changed hands during 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).

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 1,025 price objective on shares of JTC in a research report on Monday, September 1st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,400 target price on shares of JTC in a report on Thursday, July 31st. Finally, Shore Capital reaffirmed a “hold” rating and issued a GBX 1,200 target price on shares of JTC in a 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.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 1,208.33.

JTC Trading Up 12.7%

The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81. The firm has a 50 day moving average price of GBX 952.82 and a two-hundred day moving average price of GBX 900.22. 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.

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.