JTC (LON:JTC) Stock Price Up 12.7% - Here's What Happened

Key Points

• JTC Plc's stock price surged 12.7%, reaching a high of GBX 1,376 ($18.67) during trading on Saturday, following a recent increase in trading volume by 355% compared to its average daily volume.
• Analysts have mixed ratings for JTC, with one "Buy" rating and two "Hold" ratings, leading to an average price target of GBX 1,208.33.
• The company has a market capitalization of £2.25 billion and a PE ratio of -29,789.64, indicating significant volatility and uncertainty in its earnings.

Shares of Jtc Plc (LON:JTC - Get Free Report) shot up 12.7% during trading on Saturday . The stock traded as high as GBX 1,376 ($18.65) and last traded at GBX 1,322.66 ($17.93). 3,510,700 shares were traded during trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.91).

Analyst Ratings Changes

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

JTC Stock Up 1.5%

The firm's 50-day moving average price is GBX 993.36 and its 200-day moving average price is GBX 911.79. The company has a market cap of £2.29 billion, a price-to-earnings ratio of -30,310.97 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70.

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.