JTC (LON:JTC) Shares Up 13.7% - Should You Buy?

Key Points

• JTC Plc shares surged by 13.7% on Thursday, reaching a peak price of GBX 957 ($12.64) and closing at GBX 934.58 ($12.35) as trading volume soared by 188% compared to the average.
• Analysts have expressed confidence in JTC, with Shore Capital setting a buy rating and a target price of GBX 1,150 ($15.19), while Berenberg Bank has a target of GBX 1,400 ($18.49).
• JTC has a market capitalization of £1.57 billion and a P/E ratio of 52.41, indicating strong investor interest and performance metrics.

Shares of Jtc Plc (LON:JTC - Get Free Report) shot up 13.7% on Thursday . The stock traded as high as GBX 957 ($12.64) and last traded at GBX 934.58 ($12.35). 1,936,612 shares changed hands 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 ($10.86).

Analysts Set New Price Targets

Several research firms have recently weighed in on JTC. Shore Capital reissued a "buy" rating and issued a GBX 1,150 ($15.19) price objective on shares of JTC in a research report on Thursday. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,400 ($18.49) target price on shares of JTC in a research report on Thursday.

JTC Price Performance

The firm has a market capitalization of £1.57 billion, a P/E ratio of 52.41 and a beta of 0.68. The business has a 50-day moving average of GBX 837.46 and a 200 day moving average of GBX 889.73. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81.

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.

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