JTC (LON:JTC) Trading Up 17.8% - What's Next?

Key Points

• JTC plc's stock price surged by 17.8% to GBX 1,154 ($15.58), with trading volume increasing significantly by 516% compared to its average session.
• Brokerages such as Berenberg Bank and Shore Capital have reaffirmed a "buy" rating for JTC, with price targets set at GBX 1,400 and GBX 1,150 respectively.
• The company holds a debt-to-equity ratio of 43.81 and has a market capitalization of £1.96 billion, indicating relatively stable financial metrics.

Jtc Plc (LON:JTC - Get Free Report) shares shot up 17.8% during trading on Saturday . The stock traded as high as GBX 1,160 ($15.54) and last traded at GBX 1,154 ($15.46). 4,164,218 shares were traded during trading, an increase of 516% from the average session volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.13).

Analysts Set New Price Targets

Several brokerages have commented on JTC. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,025 target price on shares of JTC in a report on Monday. Shore Capital reissued a "hold" rating and issued a GBX 1,200 price objective on shares of JTC in a research note on Tuesday. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, JTC presently has an average rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Price 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 business has a fifty day simple moving average of GBX 897.94 and a 200 day simple moving average of GBX 888.06. The stock has a market capitalization of £1.97 billion, a P/E ratio of -26,131.96 and a beta of 0.68.

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.