JTC (LON:JTC) Trading 12.7% Higher - Here's Why

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.

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 ($18.65) and last traded at GBX 1,322.66 ($17.93). 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 ($15.91).

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JTC. Shore Capital reaffirmed a "hold" rating on shares of JTC in a report on Tuesday. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 1,025 target price on shares of JTC in a report on Monday, September 1st. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,400 target price on shares of JTC in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, JTC currently has an average rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Trading Up 1.5%

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 stock's 50 day moving average price is GBX 993.36 and its 200-day moving average price is GBX 911.79. The stock has a market capitalization of £2.29 billion, a P/E ratio of -30,310.97 and a beta of 0.68.

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.