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

JTC logo with Financial Services background

Key Points

  • JTC's stock price surged by 12.7% during trading on Saturday, reaching a high of GBX 1,376 ($18.67), before closing at GBX 1,322.66 ($17.94).
  • Analysts have mixed ratings for JTC, with one recommending a Buy rating and two advising a Hold, placing the average target price at GBX 1,208.33.
  • The company has a market capitalization of £2.25 billion and a beta of 0.68, indicating lower volatility compared to the market.
  • MarketBeat previews the top five stocks to own by October 1st.

Jtc Plc (LON:JTC - Get Free Report)'s stock price shot up 12.7% during trading 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 were traded 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 ($15.93).

Analyst Upgrades and Downgrades

Several research firms have commented on JTC. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 1,025 price objective on shares of JTC in a research note on Monday, September 1st. Shore Capital reaffirmed a "hold" rating and issued a GBX 1,200 price objective on shares of JTC in a report on Tuesday, September 2nd. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of GBX 1,208.33.

Check Out Our Latest Stock Analysis on JTC

JTC Price Performance

The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81. The business's 50-day simple moving average is GBX 952.82 and its 200-day simple moving average is GBX 900.53. The stock has a market cap of £2.25 billion, a PE ratio of -29,789.64 and a beta of 0.68.

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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