JTC (LON:JTC) Shares Up 17.8% - Here's Why

Key Points

• JTC shares surged by 17.8% on Saturday, trading as high as GBX 1,160 ($15.66) after closing at GBX 980 ($13.23).
• Brokerages, including Berenberg Bank and Shore Capital, reaffirmed a "buy" rating for JTC, with target prices set at GBX 1,400 and GBX 1,150 respectively.
• With a market capitalization of £1.96 billion, JTC boasts a debt-to-equity ratio of 43.81 and a beta of 0.68, indicating its operational stability.

Jtc Plc (LON:JTC - Get Free Report) shot up 17.8% on Saturday . The stock traded as high as GBX 1,160 ($15.66) and last traded at GBX 1,154 ($15.58). 4,164,218 shares traded hands during trading, an increase of 516% from the average session volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JTC. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. Shore Capital reissued a "buy" rating and issued a GBX 1,150 price objective on shares of JTC in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 1,275.

JTC Trading Up 17.8%

The firm has a market capitalization of £1.96 billion, a PE ratio of -25,990.99 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 firm has a fifty day moving average of GBX 884.79 and a 200 day moving average of GBX 885.39.

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.

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