JTC (LON:JTC) Shares Up 17.8% - Should You Buy?

Key Points

• JTC Plc's share price surged 17.8% on Saturday, reaching a high of GBX 1,160 after a significantly increased trading volume of over 4 million shares.
• Analysts have a positive outlook for JTC, with two firms reiterating a "buy" rating and price targets of GBX 1,150 and GBX 1,400, leading to a consensus target price of GBX 1,275.
• The company maintains a market cap of £1.96 billion and a low debt-to-equity ratio of 43.81, indicating financial stability amid its recent stock performance.

Jtc Plc (LON:JTC - Get Free Report) shares were up 17.8% during mid-day trading on Saturday . The company traded as high as GBX 1,160 ($15.67) and last traded at GBX 1,154 ($15.58). Approximately 4,164,218 shares were traded during mid-day trading, an increase of 516% from the average daily volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Wall Street Analyst Weigh In

A number of analysts have issued reports on JTC shares. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,150 target price on shares of JTC in a report on Thursday, July 31st. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,400 target price on shares of JTC in a report on Thursday, July 31st. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 1,025 target price on shares of JTC in a report on Monday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,191.67.

JTC Price Performance

The company has a market cap of £1.99 billion, a price-to-earnings ratio of -26,410.54 and a beta of 0.68. The company has a fifty day moving average price of GBX 884.79 and a two-hundred day moving average price of GBX 884.61. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81.

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.