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

Jtc Plc (LON:JTC)’s share price was 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). 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 analysts have commented on JTC shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 1,025 price target on shares of JTC in a research note on Monday, September 1st. Berenberg Bank restated a “buy” rating and set a GBX 1,400 target price on shares of JTC in a research report on Thursday, July 31st. Finally, Shore Capital reiterated a “hold” rating and issued a GBX 1,200 price objective on shares of JTC in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, JTC presently has an average rating of “Hold” and a consensus target price of GBX 1,208.33.

JTC Stock Performance

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

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.