JTC (LON:JTC) Shares Up 12.7% - Here's Why

Key Points

• JTC Plc's share price surged by 12.7% to close at GBX 1,322.66 ($17.94) amidst a trading volume increase of 355% compared to its average session volume.
• Analysts show mixed sentiments with one buy rating and two hold ratings, while the average price target stands at GBX 1,208.33.
• The firm has a market cap of £2.25 billion and a debt-to-equity ratio of 43.81, indicating a balance between leverage and equity financing.

Jtc Plc (LON:JTC - Get Free Report)'s stock price shot up 12.7% on Saturday . The stock traded as high as GBX 1,376 ($18.66) and last traded at GBX 1,322.66 ($17.93). 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 ($15.92).

Analyst Ratings Changes

Several research firms have weighed in on JTC. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 1,025 price target on shares of JTC in a report on Monday, September 1st. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. Finally, Shore Capital reissued a "hold" rating and set a GBX 1,200 price objective on shares of JTC in a report on Tuesday, September 2nd. 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, the company has a consensus rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Trading Up 12.7%

The company has a market capitalization of £2.25 billion, a PE ratio of -29,789.64 and a beta of 0.68. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. The stock has a fifty day moving average of GBX 952.82 and a two-hundred day moving average of GBX 900.22.

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.