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

Key Points

• JTC's stock price surged 12.7% to GBX 1,322.66, with trading volume increasing by 355% from its average session volume.
• Brokerage analysts have mixed ratings for JTC, with one "Buy" rating and two "Hold" ratings, resulting in a consensus rating of "Hold" and an average target price of GBX 1,208.33.
• The company has a market capitalization of £2.25 billion and a notably high price-to-earnings ratio of -29,789.64.

Jtc Plc (LON:JTC - Get Free Report) shares shot up 12.7% during trading on Saturday . The company traded as high as GBX 1,376 ($18.66) 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 ($15.92).

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JTC. Berenberg Bank restated a "buy" rating and set a GBX 1,400 price target on shares of JTC in a research report on Thursday, July 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,025 price objective on shares of JTC in a report on Monday, September 1st. Finally, Shore Capital reaffirmed a "hold" rating and set a GBX 1,200 price objective on shares of JTC in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of GBX 1,208.33.

JTC Stock Up 3.7%

The stock has a 50 day moving average price of GBX 952.82 and a 200-day moving average price of GBX 900.22. The stock has a market capitalization of £2.33 billion, a P/E ratio of -30,900.90 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.