JTC (LON:JTC) Trading 13.7% Higher - Time to Buy?

Key Points

• JTC's share price surged by 13.7% during mid-day trading, with the stock reaching GBX 957 ($12.64) before settling at GBX 934.58 ($12.35).
• Brokerages like Shore Capital and Berenberg Bank have issued buy ratings on JTC with target prices of GBX 1,150 ($15.19) and GBX 1,400 ($18.49), respectively.
• The company has a market cap of £1.57 billion and shows strong liquidity metrics with a quick ratio of 2.70 and a current ratio of 1.92.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 1,400 ($18.61) price objective on shares of JTC in a research report on Thursday, July 31st. Shore Capital reissued a "buy" rating and set a GBX 1,150 ($15.28) target price on shares of JTC in a research note on Thursday, July 31st.

JTC Stock Down 2.4%

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 firm has a market capitalization of £1.56 billion, a P/E ratio of 51.93 and a beta of 0.68. The company's fifty day simple moving average is GBX 843.25 and its 200 day simple 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.