JTC (LON:JTC) Hits New 52-Week High - Should You Buy?

Key Points

• JTC Plc reached a new 52-week high of GBX 1,188 ($16.09) on Tuesday, with a trading volume of 49,393 shares.
• Market analysts have varied opinions, with one recommending a buy rating and two suggesting a hold rating, resulting in an average consensus target price of GBX 1,208.33.
• The company boasts a strong financial position with a quick ratio of 2.70 and a market cap of £2.00 billion, despite having a high PE ratio of -26,531.53.

Jtc Plc (LON:JTC - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as GBX 1,188 ($16.09) and last traded at GBX 1,188 ($16.09), with a volume of 49393 shares. The stock had previously closed at GBX 1,178 ($15.96).

Analysts Set New Price Targets

JTC has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,025 target price on shares of JTC in a research note on Monday, September 1st. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a research note 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 note 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Stock Performance

The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81. The firm has a 50 day moving average of GBX 923.36 and a 200 day moving average of GBX 893.28. The firm has a market cap of £2.00 billion, a PE ratio of -26,531.53 and a beta of 0.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.