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

Key Points

• JTC Plc's stock has surged 12.7% mid-day, trading around GBX 1,322.66 ($17.94), significantly up from its previous close of GBX 1,174 ($15.93).
• Analyst ratings reflect mixed sentiments, with one "Buy" rating and two "Hold" ratings, while the average price target is approximately GBX 1,208.33.
• The company has a market capitalization of £2.25 billion with a debt-to-equity ratio of 43.81, indicating a relatively manageable level of debt.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 1,400 price objective on shares of JTC in a research note on Thursday, July 31st. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,025 price objective on shares of JTC in a research note on Monday, September 1st. Finally, Shore Capital reiterated a "hold" rating and set a GBX 1,200 price objective on shares of JTC in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, JTC presently has a consensus rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Trading Up 3.7%

The firm has a market cap of £2.33 billion, a P/E ratio of -30,900.90 and a beta of 0.68. The stock has a fifty day simple moving average of GBX 952.82 and a 200 day simple moving average of GBX 900.22. 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.