JTC (LON:JTC) Shares Up 12.7% - What's Next?

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) shares were up 12.7% during trading on Saturday . The company traded as high as GBX 1,376 ($18.65) and last traded at GBX 1,322.66 ($17.93). Approximately 3,510,700 shares were traded during trading, an increase of 355% from the average daily volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.91).

Analyst Ratings Changes

A number of analysts have commented on JTC shares. Berenberg Bank reiterated a "buy" rating and set a GBX 1,400 target price on shares of JTC in a research report on Thursday, July 31st. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,025 target price on shares of JTC in a research report on Monday, September 1st. Finally, Shore Capital reiterated 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 1,208.33.

JTC Price Performance

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

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.