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

Jtc Plc (LON:JTC) shares shot up 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). 3,510,700 shares traded 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 Analysts Forecast Growth

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

JTC Stock Up 12.7%

The stock has a market cap of £2.25 billion, a PE ratio of -29,789.64 and a beta of 0.68. The firm has a fifty day moving average of GBX 952.82 and a 200 day moving average of GBX 900.22. The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81.

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.