JTC (LON:JTC) Shares Up 3% - Still a Buy?

Key Points

• JTC shares surged 3% on Thursday, trading at GBX 822 ($10.90) after previously closing at GBX 798 ($10.58), with a trading volume that increased by 208% from the average.
• Analysts have set new price targets for JTC, with Shore Capital issuing a target of GBX 1,150 ($15.25) and Berenberg Bank setting a target of GBX 1,400 ($18.56), both maintaining a "buy" rating.
• The company has a market capitalization of £1.58 billion and exhibits a price-to-earnings ratio of 52.64, indicating significant valuation in the market.

Jtc Plc (LON:JTC - Get Free Report)'s stock price was up 3% during trading on Thursday . The stock traded as high as GBX 826 ($10.96) and last traded at GBX 822 ($10.91). Approximately 2,040,141 shares changed hands during mid-day trading, an increase of 208% from the average daily volume of 663,011 shares. The stock had previously closed at GBX 798 ($10.59).

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JTC shares. Shore Capital restated a "buy" rating and set a GBX 1,150 ($15.26) target price on shares of JTC in a research report on Thursday. Berenberg Bank restated a "buy" rating and set a GBX 1,400 ($18.58) target price on shares of JTC in a research report on Thursday.

JTC Trading Down 0.4%

The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The company has a market capitalization of £1.57 billion, a price-to-earnings ratio of 52.44 and a beta of 0.68. The business's 50 day simple moving average is GBX 841.05 and its 200 day simple moving average 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.