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

Jtc Plc (LON:JTC)’s stock price was 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). Approximately 3,510,700 shares traded 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

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

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.