JTC (LON:JTC) Shares Up 17.8% – What’s Next?

Shares of Jtc Plc (LON:JTC) shot up 17.8% during mid-day trading on Saturday . The stock traded as high as GBX 1,160 ($15.66) and last traded at GBX 1,154 ($15.58). 4,164,218 shares changed hands during trading, an increase of 516% from the average session volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JTC shares. Shore Capital reiterated a “buy” rating and issued a GBX 1,150 price target on shares of JTC in a research report on Thursday, July 31st. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,400 price target on shares of JTC in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, JTC has a consensus rating of “Buy” and a consensus target price of GBX 1,275.

JTC Trading Up 17.8%

The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The business’s 50-day moving average price is GBX 884.79 and its two-hundred day moving average price is GBX 885.39. The company has a market capitalization of £1.96 billion, a price-to-earnings ratio of -25,990.99 and a beta of 0.68.

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.