JTC (LON:JTC) Trading 1.1% Higher - Should You Buy?

Key Points

• JTC's stock price increased by 1.1% to GBX 949 ($12.83) during mid-day trading, despite a significant decline in trading volume.
• Analysts from Berenberg Bank and Shore Capital have given JTC a "buy" rating, with target prices set at GBX 1,400 and GBX 1,150, respectively.
• The company holds a market cap of £1.60 billion and has a P/E ratio of 53.22, indicating strong growth potential according to market analysts.

Jtc Plc (LON:JTC - Get Free Report)'s share price was up 1.1% during mid-day trading on Friday . The company traded as high as GBX 954 ($12.86) and last traded at GBX 949 ($12.79). Approximately 223,982 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 657,507 shares. The stock had previously closed at GBX 939 ($12.66).

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JTC shares. Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,150 target price on shares of JTC in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 1,275.

JTC Price Performance

The stock has a market capitalization of £1.61 billion, a PE ratio of 53.56 and a beta of 0.68. The firm's 50 day simple moving average is GBX 870.82 and its 200 day simple moving average is GBX 883.33. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70.

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.