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

Key Points

• JTC Plc's stock price rose by 12.7% during mid-day trading, reaching a high of GBX 1,376 ($18.67) before closing at GBX 1,322.66 ($17.94).
• Analysts have mixed opinions on JTC, with a consensus target price of GBX 1,208.33, indicating an average "Hold" rating despite one "Buy" rating.
• The company has strong financial metrics, including a current ratio of 1.92 and a market cap of £2.25 billion, reflecting its robust operational position.

Jtc Plc (LON:JTC - Get Free Report) shares rose 12.7% during trading on Saturday . The stock traded as high as GBX 1,376 ($18.75) and last traded at GBX 1,322.66 ($18.03). Approximately 3,510,700 shares were traded 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 ($16.00).

Wall Street Analyst Weigh In

JTC has been the topic of several research analyst reports. Shore Capital reissued a "hold" rating on shares of JTC in a report on Tuesday. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 1,025 price objective on shares of JTC in a report on Monday, September 1st. Finally, Berenberg Bank reissued 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 issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of GBX 1,208.33.

JTC Price Performance

The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The stock has a 50 day moving average price of GBX 983.42 and a 200-day moving average price of GBX 909.20. 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.

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.