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

Jtc Plc (LON:JTC) shot up 12.7% on Saturday . The company traded as high as GBX 1,376 ($18.67) and last traded at GBX 1,322.66 ($17.94). 3,510,700 shares traded hands during mid-day trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.93).

Wall Street Analysts Forecast Growth

JTC has been the subject of a number of research reports. Shore Capital reissued a “hold” rating and set a GBX 1,200 price target on shares of JTC in a research note on Tuesday, September 2nd. Royal Bank Of Canada reissued 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 reissued a “buy” rating and set a GBX 1,400 price target on shares of JTC in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,208.33.

JTC Stock Performance

The business has a 50 day moving average of GBX 952.82 and a 200 day moving average of GBX 901. The company has a market capitalization of £2.25 billion, a P/E ratio of -29,789.64 and a beta of 0.68. The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81.

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.