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

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 ($18.66) and last traded at GBX 1,322.66 ($17.93). 3,510,700 shares changed 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 ($15.92).

Wall Street Analyst Weigh In

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

JTC Price Performance

The stock has a market capitalization of £2.28 billion, a P/E ratio of -30,180.18 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92. The stock has a 50-day simple moving average of GBX 952.82 and a 200 day simple moving average of GBX 900.22.

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.