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

Shares of Jtc Plc (LON:JTC) were up 12.7% during mid-day trading on Saturday . The stock 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 mid-day 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 Upgrades and Downgrades

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

JTC Stock Performance

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 business’s 50 day moving average is GBX 952.82 and its two-hundred day moving average is GBX 900.22. The company has a market cap of £2.25 billion, a PE 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.