JTC (LON:JTC) Trading 12.7% Higher – Time to Buy?

Jtc Plc (LON:JTC)’s stock price traded up 12.7% during trading 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 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).

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,025 price objective on shares of JTC in a research note on Monday, September 1st. Shore Capital restated a “hold” rating and set a GBX 1,200 target price on shares of JTC in a report on Tuesday, September 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,400 price objective on shares of JTC in a research note on Thursday, July 31st. 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 currently has an average rating of “Hold” and a consensus target price of GBX 1,208.33.

JTC Stock Performance

The stock has a market capitalization of £2.25 billion, a price-to-earnings ratio of -29,789.64 and a beta of 0.68. 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 stock’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.