JTC (LON:JTC) Stock Price Up 12.7% - Still a Buy?

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)'s share price 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 traded 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 ($15.91).

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 1,025 target price on shares of JTC in a report on Monday, September 1st. Shore Capital restated a "hold" rating on shares of JTC in a research report on Tuesday. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Price Performance

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

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.