JTC (LON:JTC) Trading 12.7% Higher - Still a Buy?

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.

Jtc Plc (LON:JTC - Get Free Report)'s share price traded up 12.7% during trading on Saturday . The stock traded as high as GBX 1,376 ($18.66) and last traded at GBX 1,322.66 ($17.93). 3,510,700 shares changed hands during mid-day trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.92).

Analyst Upgrades and Downgrades

JTC has been the topic of several research analyst reports. Shore Capital restated a "hold" rating and issued a GBX 1,200 price objective on shares of JTC in a research report on Tuesday, September 2nd. Berenberg Bank restated a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,025 price objective on shares of JTC in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Price Performance

The firm's fifty day simple moving average is GBX 952.82 and its 200 day simple moving average is GBX 900.53. The firm has a market cap of £2.25 billion, a P/E ratio of -29,789.64 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92.

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.