JTC (LON:JTC) Shares Up 12.7% - What's Next?

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 share price shot up 12.7% during mid-day trading on Saturday . The company traded as high as GBX 1,376 ($18.75) and last traded at GBX 1,322.66 ($18.03). 3,510,700 shares were traded during trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($16.00).

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on JTC shares. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. Shore Capital reissued a "hold" rating on shares of JTC in a research note on Tuesday. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 1,025 price objective on shares of JTC in a report on Monday, September 1st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of GBX 1,208.33.

JTC Price Performance

The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The company's 50-day simple moving average is GBX 983.42 and its 200-day simple moving average is GBX 909.20. The company has a market cap of £2.29 billion, a price-to-earnings ratio of -30,310.97 and a beta of 0.68.

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.