JTC (LON:JTC) Stock Price Up 12.7% - Time to Buy?

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) shares were up 12.7% during mid-day 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 changed hands 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 Analysts Forecast Growth

Several equities analysts have issued reports on JTC shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 1,025 price target on shares of JTC in a research note on Monday, September 1st. Berenberg Bank reaffirmed a "buy" rating and set 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 report on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Price Performance

The stock has a market cap 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 business has a 50 day simple moving average of GBX 993.36 and a 200-day simple moving average of GBX 911.79.

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.