JTC (LON:JTC) Stock Price Up 12.7% - Time to Buy?

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) was up 12.7% during mid-day trading on Saturday . The stock traded as high as GBX 1,376 ($18.67) and last traded at GBX 1,322.66 ($17.94). 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 ($15.93).

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JTC shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,400 target price on shares of JTC in a research report on Thursday, July 31st. Shore Capital restated a "hold" rating and set a GBX 1,200 price target on shares of JTC in a research report on Tuesday, September 2nd. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,025 price objective on shares of JTC in a report on Monday, September 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, JTC has an average 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 current ratio of 1.92 and a quick ratio of 2.70. The company's 50 day moving average is GBX 952.82 and its 200 day moving average is GBX 901. The stock has a market cap of £2.25 billion, a price-to-earnings ratio of -29,789.64 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.

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