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

Key Points

• JTC Plc shares surged 12.7%, reaching a high of GBX 1,376 before closing at GBX 1,322.66, reflecting a significant increase in trading volume.
• Equities analysts have mixed outlooks on JTC, with one analyst rating it as a Buy and others recommending a Hold, setting various target prices between GBX 1,025 and GBX 1,400.
• The company has a market capitalization of £2.25 billion and operates a business model that prioritizes stakeholder alignment through employee ownership.

Jtc Plc (LON:JTC - Get Free Report)'s stock price shot up 12.7% 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 traded hands 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 ($16.00).

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in 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. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a research note on Thursday, July 31st. Finally, Shore Capital reissued a "hold" rating on shares of JTC in a report on Tuesday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, 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 stock has a market capitalization of £2.29 billion, a PE ratio of -30,310.97 and a beta of 0.68. The stock's fifty day moving average is GBX 983.42 and its 200-day moving average is GBX 909.20.

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.