JTC (LON:JTC) Trading Up 12.7% – Here’s What Happened

Shares of Jtc Plc (LON:JTC) were up 12.7% 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).

Analyst Ratings Changes

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

JTC Trading Up 12.7%

The stock has a market cap 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 business has a 50-day moving average of GBX 952.82 and a 200-day moving average of GBX 900.22.

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.