JTC (LON:JTC) Stock Price Up 13.7% - Here's Why

Key Points

• JTC's stock surged 13.7% during mid-day trading on Thursday, reaching a peak price of GBX 957 ($12.64) after closing at GBX 822 ($10.86) the previous day.
• Analysts from Berenberg Bank and Shore Capital have both issued buy ratings for JTC, with target prices set at GBX 1,400 ($18.49) and GBX 1,150 ($15.19) respectively.
• JTC maintains a solid financial position, reflected in its quick ratio of 2.70 and a market capitalization of £1.57 billion.

Jtc Plc (LON:JTC - Get Free Report)'s share price traded up 13.7% on Thursday . The company traded as high as GBX 957 ($12.72) and last traded at GBX 934.58 ($12.42). 1,936,612 shares were traded during mid-day trading, an increase of 188% from the average session volume of 671,675 shares. The stock had previously closed at GBX 822 ($10.93).

Analysts Set New Price Targets

Several brokerages recently issued reports on JTC. Shore Capital restated a "buy" rating and issued a GBX 1,150 ($15.28) price target on shares of JTC in a research report on Thursday, July 31st. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,400 ($18.61) price target on shares of JTC in a report on Thursday, July 31st.

JTC Price Performance

The firm has a market cap of £1.56 billion, a price-to-earnings ratio of 51.93 and a beta of 0.68. 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 company's fifty day moving average is GBX 843.25 and its 200 day moving average is GBX 887.96.

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.