JTC (LON:JTC) Trading 12.7% Higher - Here's What Happened

Key Points

• JTC PLC's stock price rose by 12.7% on Saturday, reaching a high of GBX 1,376 before last trading at GBX 1,322.66, significantly increasing its trading volume by 355% compared to the average.
• Wall Street analysts have different ratings for JTC, with Berenberg Bank maintaining a "buy" rating and a price target of GBX 1,400, while others have set lower targets, leading to a consensus rating of "Hold" with a target price of GBX 1,208.33.
• JTC operates as a global professional services business, emphasizing service excellence and technology capabilities to maximize client potential and maintain strong stakeholder relationships.

Shares of Jtc Plc (LON:JTC - Get Free Report) were up 12.7% on Saturday . The company traded as high as GBX 1,376 ($18.78) and last traded at GBX 1,322.66 ($18.05). Approximately 3,510,700 shares changed hands during trading, an increase of 355% from the average daily volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($16.03).

Analyst Upgrades and Downgrades

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

JTC Stock Performance

The firm has a market capitalization of £2.28 billion, a P/E ratio of -30,165.54 and a beta of 0.68. The stock has a fifty day simple moving average of GBX 973.31 and a two-hundred day simple moving average of GBX 906.15. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70.

About JTC

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.