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JTC (LON:JTC) Trading 12.7% Higher - Should You Buy?

JTC logo with Financial Services background

Key Points

  • JTC's shares surged 12.7% during trading, reaching a last price of GBX 1,322.66 ($17.94), significantly higher than its previous close of GBX 1,174 ($15.93).
  • Trading volume increased dramatically to 3.5 million shares, which is a 355% rise from the average session volume of 770,853 shares.
  • Despite the positive movement, analyst ratings remain mixed, with one "Buy" rating and two "Hold" ratings, and an average target price of GBX 1,208.33.
  • Five stocks we like better than JTC.

Jtc Plc (LON:JTC - Get Free Report) shares rose 12.7% during trading on Saturday . The stock traded as high as GBX 1,376 ($18.65) and last traded at GBX 1,322.66 ($17.93). Approximately 3,510,700 shares were traded 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 ($15.91).

Wall Street Analyst Weigh In

JTC has been the topic of several 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 report on Monday, September 1st. Berenberg Bank restated a "buy" rating and issued a GBX 1,400 target price on shares of JTC in a research report on Thursday, July 31st. Finally, Shore Capital reaffirmed a "hold" rating on shares of JTC in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, JTC presently has an average rating of "Hold" and a consensus price target of GBX 1,208.33.

View Our Latest Analysis on JTC

JTC Trading Up 1.5%

The firm has a market capitalization of £2.29 billion, a P/E ratio of -30,310.97 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92. The firm has a 50 day moving average price of GBX 993.36 and a two-hundred day moving average price of GBX 911.79.

About JTC

(Get Free Report)

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.

See Also

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