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

Key Points

• JTC's stock surged 12.7% on Saturday, reaching a high of GBX 1,376 ($18.67) before closing at GBX 1,322.66 ($17.94) with a trading volume increase of 355% from the average session.
• Analysts have mixed ratings for JTC shares, with one Buy rating and two Hold ratings, while the average price target is GBX 1,208.33.
• JTC operates as a global professional services business, specializing in fund, corporate, and private client services, emphasizing service excellence and long-term relationships.

Jtc Plc (LON:JTC - Get Free Report)'s stock price traded up 12.7% on Saturday . The stock 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 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).

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Shore Capital restated a "hold" rating and set a GBX 1,200 price objective on shares of JTC in a research note on Tuesday, September 2nd. Berenberg Bank restated a "buy" rating and set a GBX 1,400 price objective on shares of JTC in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 1,025 price objective on shares of JTC in a research note on Monday, September 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, JTC currently has an average rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Trading Up 12.7%

The firm has a 50-day moving average price of GBX 952.82 and a 200-day moving average price of GBX 900.53. The stock 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.

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.