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

Jtc Plc (LON:JTC)’s stock price was up 12.7% 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 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

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

JTC Trading Up 12.7%

The firm 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 current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. The company has a fifty day moving average price of GBX 952.82 and a 200-day moving average price of 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.