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

Key Points

• JTC's share price rose by 13.7%, reaching a last traded value of GBX 934.58 ($12.39), following a trading volume increase of 188% compared to its average.
• Wall Street analysts have maintained a "buy" rating" for JTC, with price targets set at GBX 1,150 ($15.25) by Shore Capital and GBX 1,400 ($18.56) by Berenberg Bank.
• JTC has a market capitalization of £1.57 billion and financial metrics including a debt-to-equity ratio of 43.81 and a PE ratio of 52.41.

Jtc Plc (LON:JTC - Get Free Report) was up 13.7% during trading on Thursday . The stock traded as high as GBX 957 ($12.70) and last traded at GBX 934.58 ($12.40). Approximately 1,936,612 shares were traded during trading, an increase of 188% from the average daily volume of 671,675 shares. The stock had previously closed at GBX 822 ($10.91).

Analyst Upgrades and Downgrades

Several analysts have commented on JTC shares. Berenberg Bank restated a "buy" rating and set a GBX 1,400 ($18.58) price objective on shares of JTC in a research note on Thursday. Shore Capital restated a "buy" rating and set a GBX 1,150 ($15.26) price objective on shares of JTC in a research note on Thursday.

JTC Stock Performance

The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. The stock has a market capitalization of £1.57 billion, a PE ratio of 52.44 and a beta of 0.68. The firm's fifty day moving average price is GBX 841.05 and its two-hundred day moving average price is GBX 889.55.

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.